Fun fact: Phoenix, Arizona is the only state capital with a population exceeding one million residents! It is also the subject of this installment of our City Stories.
Phoenix is Arizona’s largest city, with a population of more than 1.6 million people, according to the United States Census Bureau. It is a perfect example of a city that thrived with the help of innovation and technology. Each year, the city averages approximately 300 days of sunshine with only a small amount of rain.
The average annual rainfall measured by the Phoenix Sky Harbor International Airport is 8.03 inches. Throughout the summer months, the average high temperature can be upwards of 100 °F.
Despite its location in a dry desert climate, Phoenix was able to thrive as a farming community due to its canal system. Early settlers relied on the “Five C’s” to anchor the greater Phoenix economy: cotton, cattle, citrus, climate and copper. Still, the hot climate of the Sonoran Desert created a difficult living environment. That is until after World War II, when air conditioning was introduced to Phoenix and made hot summers more bearable.
Phoenix was first settled in 1867 and incorporated in 1881. There are a number of historic properties and structures, some dating all the way back to the 1800s.
One of these structures is The Smurthwaite House, which was designed and built in 1897. The house was initially intended to be used as a boarding house for the growing number of people in the area. In 1903, the house was sold to National Bank of Arizona of Phoenix.
After a short stint, the house was then owned by the Smurthwaite family, being passed down through generations and eventually gifted to the Phoenix Art Museum, the Museum of Northern Arizona and the Heard Museum in 1982. In 1991, a grant of $50,000 was approved by the Heritage Fund to restore the Smurthwaite House. Just a few years later, the Smurthwaite house moved to its current location and serves as the office of the historic Pioneer and Military Cemetery.
The next historic structure is the controversial El Cid Castle. Construction of El Cid Castle was completed in 1980 and was supposed to be a bowling alley owned by Dr. Kenneth Hall. Dr. Hall was a University of Arkansas Medical School graduate and was honorably discharged from the United States Army after a brief deployment to Italy.
A few years after his discharge, Dr. Hall moved to Phoenix and started practicing medicine. Observing the growing population of the Sunnyslope neighborhood, Dr. Hall decided to build a recreational facility which would include thirty-two bowling alley lanes, an ice skating rink, four recreation rooms for teenagers and a snack bar. Along with family friendly entertainment, El Cid Castle was also supposed to include multiple nightclubs and a French Restaurant.
The 65,000-square-foot Moorish-style castle was entrenched in controversy when it was discovered that Dr. Hall illegally diverted $16,564 in Medicare funds to help with the construction. After Dr. Hall’s downfall, the bowling alley was closed after one year of operation. The structure was eventually purchased by the State of Arizona for a new Department of Economic Security office complex after Dr. Hall’s death.
The final featured structure is the only featured structure still operating as initially intended. The 6th Avenue Hotel - Windsor Hotel, now known as the New Windsor Hotel, is the only 19th century hotel which is still in use in the original town-site of Phoenix. A railroad system that ran through Phoenix was established, making the city the most important trade center in Arizona.
Following the railroad system, Phoenix became the territorial capital of Arizona and the territorial offices were moved to the city. All of this was a catalyst for a population boom within the city of Phoenix. That being said, there was a clear need for the establishment of hotels and living quarters to accommodate the influx of residents and travelers. In 1893, Phoenix pioneer and businessman A.D Walsh had a hotel built, naming it the 6th Avenue Hotel.
In 1925, the hotel was renamed to the Windsor Hotel and was followed by a remodeling which added a third story. Although the New Windsor Hotel is no longer a hotel, it still serves as a low cost living quarters for the elderly poor.
QuantumListing members currently have more than 2.1 million square feet of commercial real estate for sale and lease in Phoenix. Of the 2.1+ million square feet, over 1 million square feet of commercial space is for sale adding up to over $144 million, while over 1.1 million square feet is for lease.
Let's take a further look at the commercial space available in Phoenix on QuantumListing. The top two categories of commercial space available are Office and Industrial. As of this writing, QuantumListing’s Phoenix properties include in excess of 680,000 square feet of office space and over 740,000 square feet of industrial space. On top of the current properties listed on QuantumListing, we are growing every week!
Searching on QuantumListing is easy and free for potential buyers and tenants. None of your listings are locked behind a paywall. This allows our members to increase the visibility of their commercial properties for sale and for lease. To start your search, just enter a city and state in the search box on our landing page or on the top of any pages once you are on our site.
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Each month, we feature a different city on our blog. Please leave a comment below to let us know which city you would like us to highlight next.