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The Greater Scottsdale Airpark 2030 Report

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The original report for the Scottsdale Airpark began in 1980 and was named the 2010 Report. In that Base Year of 1980, there were 3,320 employees, 1,580,000 square feet of buildings, and 268 companies in the submarket. We renamed the report in 2010 to the 2030 Report in order to see 20 more years out. The report is published once a year and this is the 31st annual publication. 

The Scottsdale Airpark has exceeded every recorded predictions for growth since then. Currently, the Airpark has approximately 62,525 employees, 46,014,246 square feet of buildings and 3,339 companies. 

Predictions for 2022 and beyond

  • Ilume, the former Henkel headquarters at Loop 101 and Scottsdale Road, will secure new tenants and bring new biotechnology to the Airpark employment base. 
  • Axis Raintree’s new ±175,110 sf office building at Raintree Drive just west of the 101, will soon secure leases for half the building. The two new apartment projects, located just north and just west of the Axis building, will be up and running in 2022.
  • Interest rates are currently 2.5% and are predicted to rise as much as 9-10% by 2025.

Predictions for 2030

  • Your virtual assistant will still be at your side “always on.”
  • The greatest height and density will be along the Loop 101 freeway from Princess Drive to 56th Street. The Desert Ridge area will become part of the Greater Scottsdale Airpark Employment Base due to the Loop 101 development occurring along the freeway.
  • The Greater Scottsdale Airpark will include 82,000 employees, 53 million square feet of office, flex, industrial, retail, multi-family, hotels and car dealership buildings and contain upwards of 4,200 companies.

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The Greater Scottsdale Airpark 2030 Report

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Jim Keeley

Founding Partner

Scottsdale

As the founding partner of the Colliers Scottsdale office and senior executive vice president for Colliers in Arizona, Jim Keeley leads the Scottsdale office and serves as its designated broker.

Considered one of the leading commercial real estate experts in the Deer Valley and Loop 101 Employment Base and the Scottsdale Airpark, Jim specializes in the sale and leasing of office, industrial and flex buildings, land, and aviation properties.

He serves as a broker and advisor to developers and users in the purchase, sale, and lot layout of business, office and industrial land subdivisions. He also consults with and negotiates on behalf of owners, users and developers on build-to-suits.

With more than 40 years of industry experience as a sales leader, developer and real estate consultant, Jim has developed and owned office and industrial buildings, aviation hangars, convenience markets, and lot subdivisions.

He embraces the full-service “Cradle to Grave” approach to commercial real estate:

Step 1 – Identifying the site and negotiating the purchase on behalf of the client
Step 2 – Using a team approach to lease up the property on behalf of the investor, developer and user
Step 3 – Selling the asset at the highest value in the shortest amount of time on behalf of the owner

Jim began working in the Scottsdale Airpark in 1981, and founded Classic Real Estate Corporation in 1983. To expand its presence in the Loop 101 Employment Base (Scottsdale Airpark, Desert Ridge, Deer Valley Airpark), he sold 50 percent interest in Classic to Colliers in 1998 and another 20 percent interest in 2008.

A native Arizonan, Jim is married with four children and am actively involved in supporting his community.

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