{"id":21085,"date":"2022-10-12T10:11:48","date_gmt":"2022-10-12T17:11:48","guid":{"rendered":"https:\/\/www.tmcfinancing.com\/?p=21085"},"modified":"2022-10-17T14:50:55","modified_gmt":"2022-10-17T21:50:55","slug":"industrial-rents-rise-in-phoenix-now-is-the-time-to-buy","status":"publish","type":"post","link":"https:\/\/www.tmcfinancing.com\/es\/industrial-rents-rise-in-phoenix-now-is-the-time-to-buy\/","title":{"rendered":"As Industrial Rents Rise in Metro Phoenix, Now\u2019s the Time for Small Business Owners to Buy"},"content":{"rendered":"

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News about sky-high industrial rents and record sales in metro Phoenix<\/a> is great if you\u2019re a landlord \u2013 and tough if you\u2019re a small business owner renting commercial space. Rather than worry about rising rents (or whether your business will have to relocate), take control of your future: Buy your commercial property with a U.S. Small Business Administration (SBA) 504 loan<\/a>. It\u2019s more affordable<\/a> than you may realize and by doing so, you secure your occupancy costs while building long-term, generational wealth.<\/p>\n

Phoenix\u2019s industrial-rent increases outpace much of the country<\/strong><\/p>\n

Did you know that the best strategy to beat rent increases and gain additional benefits is to become your own landlord?<\/p>\n

Here\u2019s why you need to consider it: Metro Phoenix is primed to experience continuous industrial-rent increases, with no slowdown in sight. Like many desirable areas in the southwestern U.S., Phoenix (and other growing Arizona cities including Tucson, Flagstaff, and Scottsdale) continues to attract people and businesses. That keeps real estate at a premium and, according to data by market-research firm CommercialEdge<\/a>:<\/p>\n

"Phoenix had the highest rent growth among markets without a port<\/strong>, with in-place rents growing 7.2% over the last 12 months.\u00a0Phoenix<\/a>\u00a0has been attractive to both occupiers and investors for a while now due to a lack of geographic constraints and strong population growth.<\/p>\n

Additionally, some of the tightness in Southern California has overflowed into Phoenix, a six-hour drive from the ports of Los Angeles and\u00a0Long Beach<\/a>. Despite an abundance of new stock being delivered and more in the pipeline, space is still in high demand. In Phoenix, the vacancy rate in August was 3.8% and the average rate of a new lease signed over the previous 12 months was 96 cents higher than the market average for in-place rents.\u201dBenefits of the SBA 504 loan program for industrial and other commercial properties<\/strong><\/p>\n

The SBA 504 loan program<\/a> is the SBA\u2019s leading option for commercial real estate. In addition to securing your business\u2019s long-term occupancy costs, building financial security, and gaining tax and other financial advantages, here are some key benefits of the SBA 504 loan program:<\/p>\n