The tower has an occupancy rate of 90%, but has nearly 60,000 sf available for sublease. Two floors belonged to Dial and one to National Bank. The building's sublease space vacancy is a reflection of the entire midtown market, which has a glut on the market. The vacancy rate is about 14%, but balloons to 19% to 20% when sublease space is factored into the equation. Part of the problem results from the dissolution of MicroAge, which is in bankruptcy and has vacated an office building just north of the tower. Phelps Dodge also exited more than 300,000 sf in an office tower south of the southwest corner of Central Avenue and Thomas Road. Phelps Dodge is set to move into a new corporate headquarters in downtown in November.

Viad Corporate Center boasts an amenity package that few in the midtown area can match. It includes a flower shop, sundry shop, full-service cafeteria, on-site fitness center and state-of-the-art video conference center. "It's been a while since we had a tower on Central," Noble says of the assignment. "It's a fantastic project for Crow to take on a building on Central." Trammell Crow's Phoenix team consists of about 50 employees, including 13 full-time brokers.