“Tenants attempting to hire a young, talented workforce are putting an emphasis on the employee experience. Technology-based companies like Yelp, SAP, CA, Weebly and Zenefits have already recognized the value of locating in such an amenity-rich submarket,” says CBRE's Bryan Taute, who has been awarded the marketing and leasing on the new project. “It's evident that the younger workforce increasingly views their office space as a consumer experience and employers are reacting to that mentality.”

Marquee at the District is a key component in the continued development and positioning of Downtown Scottsdale as a prime urban market for major employers and employees alike. The City of Scottsdale's local leadership, also invested in this endeavor, cites robust commercial real estate investment in Scottsdale which can be seen in the 130,000 square-foot expansion to Scottsdale Fashion Square mall, as well as numerous new high-end multifamily developments representing more than 5,000 units.

“Downtown Scottsdale is a unique and vibrant location for corporations that embrace a strong live-work-thrive lifestyle,” says Scottsdale mayor W.J. “Jim” Lane. “We believe that companies such as Yodle, Zenefits, Weebly and others are choosing Scottsdale due to our community's commitment to providing its citizens with a higher quality of life, strong workforce and investment in a high-tech infrastructure.”

“The further development of high-end retail, entertainment and multifamily assets in Scottsdale's core will continue to entice a well-educated, young demographic to the area. Conversely, companies in knowledge-based industries that choose to locate in the area will reap the benefits of a stable, happy and talented workforce,” says Blitz. “Given the continued success in bringing great tech companies to Scottsdale, we look forward to delivering Downtown Scottsdale's next preeminent office product and offering a phenomenal relative value, in terms of overall cost for companies to grow outside of high cost-CBDs.”