Glendale is located nine miles northwest of Downtown Phoenix. The self-proclaimed “Antique Capital of Arizona”, Glendale contains more than 10 blocks lined with more than 70 antique vendors. Earlier this year, the Historic Downtown business community announced the establishment of the “Historic Downtown Glendale Association” (HDMA), which aims to enhance and sustain economic growth in the area.
In the past several years, the manufacturing, medical technology, advanced business services, and signature retail and entertainment industries in Glendale have increased in influence and prosperity. Some of the top employers in Glendale are the Luke Air Force Base, Banner Thunderbird Medical Center, AAA, and Arrowhead Community Hospital.
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When it comes to commercial real estate trends, the City of Glendale is grouped into the larger West Market Area, where office spaces cost an average of $22 per square foot to rent. Class A office space in Glendale typically leases for around $25 per square foot, while Class B spaces are frequently leased for around $22 per square foot. The total vacancy for Class B space is about three times the total vacancy for Class A space.
The Glendale commercial real estate market is small, containing fewer than 20 office buildings and less than one million square feet of inventory. However, nearby Metrocenter offers more than 4.5 million square feet of additional space.
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Most Glendale locals get around by car. The city is decently walkable and has some bike trails. The most popular public transportation options are the Valley Metro buses and trains, the Glendale Urban Shuttle bus service, a taxi-subsidy program, and Glendale Dial-A-Ride. Glendale Dial-A-Ride is a transit service that allows travelers to call and request transportation to get anywhere in the city. The Glendale Municipal Airport is conveniently located just seven miles outside of the city.
The Glendale Chamber of Commerce provides helpful information about what it’s like to do business in the city, as well as resources for small businesses. According to chamber statistics, 29.8% of the Glendale population works in the Management, Business & Science Industry, 28% works in the Sales & Office industry, 19.5% works in the Service Industry, 12.1% works in the Production & Transportation industry, and 10.5% works in the Natural Resources & Construction industry.
Recently, several key commercial properties in Glendale have changed hands. For example, ORION Investment Real Estate sold Union Hills Square for $4.7 million. Arrowhead Grill anchors the property, which also houses LA Fitness, Starbucks, Sam’s Club, and Walmart. In addition, AXG COM 1, LLC, of Peoria, Arizona, purchased a four-tenant retail pad in Glendale for $4.7 million. “[The retail pad’s] location is in one of the fastest growing submarkets of the West Valley,” said Matt Harper, CCIM, who represented the buyer. “Glendale is experiencing a surge in workforce and new residents, and this asset will benefit from the growth.”
Glendale includes a number of higher education campuses. Therefore, businesses located here will have many opportunities to recruit excellent interns and recent graduates. Glendale Community College; Arizona State University’s Thunderbird School of Global Management; and Midwestern University, a graduate college of medicine, all serve the area.
Some of Glendale’s notable attractions are the State Farm Stadium, the Adobe Mountain Desert Park, and of course the Downtown Glendale antique shops. However, the city has plenty of everyday amenities, too, like great places to eat, parks to explore, and shopping centers to peruse. Yelp recommends the following lunch restaurants in Glendale: The Rogue Tomato, Phila Deli, Bobby Q, Panini Bread & Grill, and Rott n’ Grapes RoRo. Glendale offers about 40 miles of hiking trails within city limits. It’s also full of parks and gardens, such as Heroes Regional Park and Elsie McCarthy Sensory Garden. When it comes to shopping, Historic Downtown Glendale is the obvious must-see destination. However, don’t forget about Arrowhead Towne Center—which has more than 170 top retailers—and Tanger Outlets—which houses 90 leading brand names.
Hundreds of years ago, the bustling city of Glendale that we know today was just a desert. In the early 1880s, New York native William John Murphy, American businessman and contractor, lived in Flagstaff, an Arizona territory. The Arizona Canal Company charged him with the task of building a canal from Granite Reef to New River. Murphy completed the canal in 1885. He named the area Glendale, established the Arizona Improvement Company, and built Grand Avenue so those in Phoenix could more easily travel to Glendale.
Murphy partnered with Burgess Hadsell to help 70 families move to Glendale and set up a colony. In those days, the town banned all alcoholic beverages, which attracted more like-minded settlers to the area. The town continued to grow, in part thanks to the addition of a railroad from Prescott to Phoenix that allowed for more trade opportunities.
In the 1900s, Glendale became one of the most diverse cities in the area. In 1906, the Beet Sugar Factory increased job opportunities, and in 1909, the Glendale State Bank opened. In 1912, Glendale News published its first newspaper. During World War II, Glendale became an important part of the war effort with the addition of Thunderbird Field, where civilian pilots trained for the army.
Today, Glendale is Arizona’s main sports destination. State Farm Stadium, home field of the NFL’s Arizona Cardinals, and Gila River Arena, home of the NHL’s Arizona Coyotes, are both locally located.
Glendale’s rich history lives on in its vast collection of historic buildings and areas, many of which are listed in the National Register of Historic Places. Some examples are the Beet Sugar Factory Building, First National Bank of Glendale, and Murphy Park.