Fresh from being named as Cushman & Wakefield's senior director, Mark Seale says things are improving for the overall economy. Big tenants are certainly making moves in Phoenix, both in leasing and the build-to-suit front. But on his end, Mark says he sees the 3k to 5k SF tenants “still struggling.” “The Phoenix market will not be completely healthy until those companies are healthy again.”
Most recently, Mark's secured multi-market deals with such big tenants as Hovnanian Homes, Taser International and Ingram Micro. The former Cassidy Turley executive director sees more of the activity on the big tenant front – especially as more Fortune 1000 companies view metro Phoenix as good for back office operations. Big companies are viewing office space as a key recruitment tool for young talent, especially more urban locations. “Users are looking for the right 24/7 location and then the right feel to the space,” Mark says.
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