CUSHMAN & WAKEFIELD LAUNCHING TECH WEBSITE FOR PHOENIX MARKET

Cushman & Wakefield of Arizona, Inc. announced the launch of C&W TechBeat (cushwaketechbeat.com/phoenix), an innovative website that will serve as a tool for technology startups and creative companies by offering the latest information, reports and trends in the Metro Phoenix real estate market.

C&W TechBeat, designed in-house by Cushman & Wakefield marketing and research professionals, offers a full spectrum of information including up-to-date stats on Metro Phoenix’s most dynamic submarkets, the impact millennials have on real estate decisions as well as information on the real estate needs of evolving startups.

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“Tech companies continue to be the driving force in the Phoenix market,” said Matt Coxhead, a Director in the Phoenix office and a member of Cushman & Wakefield’s Technology Group. “Our goal is to use real estate to ignite, accelerate and empower these companies.”

“We’ve seen tech hubs spring up across the Valley,” added Ryan Bartos, an Associate Director and also a member of C&W’s Tech Group. “Two noteworthy submarkets in Metro Phoenix are Old Town Scottsdale and Downtown Tempe. These areas attract a young, well-educated work force and offer a desirable work-live-play environment.”

TechBeat will also offer current market analysis as it pertains to the needs of startups and other emerging growth technology companies. The website will deliver real estate information in an entirely different format compared to that of other real estate providers. TechBeat was created to fill a void and will make Cushman & Wakefield the ideal partner from startups to enterprises, Coxhead said.

Featured website links include:

>> Phoenix TechHub and The Tech Corridor: Interactive maps and informational graphics highlighting the dynamic tech companies in the Valley submarkets.

>> Media hub: News you can use to stay up to date on what’s happening in Phoenix’s high-tech industry.

>> Evolution of a startup: Examining the real estate lifespan of a startup.

As the Valley becomes a technology epicenter for businesses of all sizes, the buzz is building. North Tempe and South Scottsdale have emerged as the preferred submarkets for emerging technology companies, with direct vacancy rates of 9.6 percent and 11.8 percent respectively, the lowest in all of Metro Phoenix.

Cushman &Wakefield is a leading advisor to technology companies in Metro Phoenix and around the globe. Weebly, a website creation company headquartered in San Francisco, recently signed a 25,000-square-foot office lease in Old Town Scottsdale. Other notable tech companies that Cushman & Wakefield’s Tech Group has represented include GPS Insight and LearnVest.

In addition to the company’s representation of tech companies, Cushman & Wakefield served as the exclusive real estate sponsor of TechCrunch Disrupt, the premiere ecosystem and confluence of “game changing” companies in the new economy. The event, which took place in San Francisco this month, brought together approximately 3,700 attendees from around the world, including notable venture capitalists, founders and scholars.

Learn more about Cushman & Wakefield’s TechBeat and the Tech Group by following on twitter @CushWakeTech.

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