You miss 100 percent of the shots you never take, and if you think it’s expensive to hire a professional to do the job, wait until you hire an amateur. FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. PLEASE LET ME KNOW HOW I CAN HELP YOU. Call me if you want to sell your property and need an estimated value. Phone / Prefer cell: 520-975-5207
Office: 480-948-5554 or email me walterunger@ccim.net. – What is a CCIM.
In Business and in Life you don’t get what you deserve, you get what you Negotiate.
contact me if you want me to get you the value of your property.
CLICK HERE TO VIEW ALL MY LISTINGS.
Are you ready to sell or purchase your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County and Pinal County, Arizona, please call me?
Walter Unger CCIM – cell: 520-975-5207 – walterunger@ccim.net
By Ron Davis – Reporter , Phoenix Business Journal Aug 3, 2023
With proximity to the West Coast plus affordable, available land, Phoenix has emerged as a major player in the rise of data center development.
A report from brokerage firm Cushman & Wakefield found Phoenix was one of six key markets that account for 72% of total data center development in 2022 across the country. Phoenix joins markets that include Atlanta, Chicago, Dallas, northern Virginia and Silicon Valley.
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And through the first half of 2023, Cushman & Wakefield estimates there are over 400 megawatts under construction or planned in the Phoenix market, which would bring the Phoenix data center capacity to about a gigawatt of power, said Jacob Albers, head of alternative insights for Cushman & Wakefield.
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“Supply is really trying to keep up with demand,” Albers said of the Phoenix market. “The latest vacancy numbers I saw are still under 3%, so it’s a very tight market in terms of the amount of demand that’s in [Phoenix].”
Major companies such as Apple and Meta Platforms Inc. have existing data centers in Mesa. Google started moving dirt last month on its $1 billion data center campus in southeast Mesa. That data center will power the company’s tools like Search, Gmail, Maps and ongoing artificial intelligence innovation.
Those are considered “hyperscale” tenants, which typically lease a dedicated floor or entire data center building, while colocation data centers provide storage for numerous customers through a retail or wholesale mode.
Shortly after Google started construction, Darien, Connecticut-based Edged Energy filed applications with Mesa’s design review board and planning and zoning board to bring a 126,000-square-foot building on a 14-acre site. Just in the past month, EdgeCore Digital Infrastructure filed a similar application with Mesa to build three buildings, totaling 1.4 million square feet within the Eastmark master-planned community in late July.
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While all of those projects are coming to Mesa, Albers said there has been a rising interest in the West Valley, namely in Glendale and Goodyear. Elsewhere in the Valley, data center projects are nonstarters in the city of Scottsdale and the city of Chandler passed a new ordinance last year that prohibited data centers to operate unless they were explicitly approved as part of a planned area development zoning district.
Power and water concerns
Albers said data center deals, in large part, come down to three things: availability of power, fiber connectivity and access to water. He said that conversations between data center developers and utility providers are happening early to ensure there will be a commitment to power the data center upon completion. In the case of Google’s data center under construction and Edged and EdgeCore’s proposed projects, there are plans to have an electrical substation on-site.
“There’s a lot of thought and care about water usage and rightfully so. I think a lot of the developers in the area have made commitments toward not using water cooling or using water cooling that recycles,” Albers said. “The rub there comes in when there are certain use-cases, namely AI, that require really high-density racks that can only be liquid cooled. While Phoenix might not be the biggest AI data center market going forward, there’s still a tremendous amount of use-cases when it comes to cloud and enterprise that I foresee to continue to grow the demand in Phoenix.”
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With strong demand for data center development and a waning interest in older, obsolete office buildings, experts have suggested that an office conversion to a data center could make sense. Albers said there have been more examples in other markets where land is more scarce and sees Phoenix having more of a runway with ground-up development.
THURSDAY, AUGUST 17, 2023
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Join the Phoenix Business Journal as we present a panel of experts who will take a look at the future growth of Phoenix through an economic development lens.
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FROM ME: FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. Now is the time, if you are thinking of selling or purchasing your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County, Pinal County, Arizona / Office / Retail / Industrial / Multi-family / please call me on my cell 520-975-5207 or e-mail me walterunger@ccim.net. Investors and Owner / Users need to really know the market today before making a move. The market has a lot of moving parts. What is going on socio-economically, what is going on demographically, what is going on with location, with competing businesses, with public policy in general — all of these things affect the quality of selling or purchasing your Commercial Properties, Commercial Investment Properties and Commercial and large tracts of Residential Land Therefore, you need a broker, a CCIM (Certified Commercial Investment Member) who is a recognized expert in the commercial and investment real estate industry and who understands your needs. I am marketing my listings on Costar, Loop-net, CCIM, CREXi, Catylist, and various other web sites. I also sold hundreds millions of dollars’ worth of Investment Properties / Owner User Properties in Retail, Office Industrial, Multi-family and Land in Arizona and therefore I am working with brokers, Investors and Developers. I am also a CCIM and through this origination ( www.ccim.com ) I have access to marketing not only in the United States, but also international
DISCOVER WHAT IS HAPPENING IN ARIZONA
History of Arizona from 900 BC – 2017 -Timeline.
What is a CCIM. In Business and in Life you don’t get what you deserve, you get what you Negotiate.
contact me if you want the me to get you the value of your property.
Walter Unger CCIM – cell: 520-975-5207 – walterunger@ccim.net
Click here to find out what is a CCIM:
CLICK HERE TO VIEW ALL MY LISTINGS.
Are you ready to sell or purchase your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County and Pinal County, Arizona, please call me?
Walter Unger CCIM
Associate Broker
West USA Commercial Division
14350 N. 87th. Street, Suite 180
Scottsdale AZ, 85260
Phone: 480-948-5554
Cell: 520-975-5207
History of Arizona from 900 BC – 2017 -Timeline.
History of Arizona from 900 BC – 2017 -Timeline.
WHY PHOENIX? AMAZING!!! POPULATION IN 1950 – 350 K PEOPLE; “NOW 5 MIL”. – “5TH. BIGGEST CITY IN USA”
- DEMOGRAPHIC FACTS ABOUT MARICOPA COUNTY:
Walter Unger CCIM – walterunger@ccim.net – 1-520-975-5207 – http://walter-unger.com
Timeline of Phoenix, Arizona history
Facts of Arizona – year 1848 to 2013
CLICK HERE: Arizona Opportunity Zones As We Understand /maps. Interested!!! Please contact me.
Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Properties in Phoenix, Tucson, Arizona.
Walter Unger CCIM
Associate Broker
West USA Commercial Division
14350 N. 87th. Street, Suite 180
Scottsdale AZ, 85260
Phone: 480-948-5554
Cell: 520-975-5207
FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. PLEASE LET ME KNOW HOW I CAN HELP YOU PLEASE CALL ME
CLICK HERE TO VIEW ALL MY LISTINGS.
Also Call me if you need an estimated value of your Property.
Call me if you want to see a map with what is in the Construction Pipeline for Apartments.
Prefer cell: 520-975-5207, or email me walterunger@ccim.net. CLICK HERE TO VIEW ALL MY LISTINGS.
Check out my professional profile and connect with me on LinkedIn.
Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial / Investment Real Estate Broker in Arizona now for 20 years. If you have any questions about Commercial / Investment Properties in Phoenix or Commercial / Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion with you. I am also in this to make money therefore it will be a win-win situation for all of us.
Please reply by e-mail walterunger@ccim.net or call me on my cell 520-975-5207
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