Scottsdale-based commercial real estate firm Keyser Co. recently implemented a new aerospace branch that will assist Arizona aerospace companies in finding optimal facilities. Because of Arizona’s status as the best state for aerospace manufacturing, this development will prove to be mutually beneficial for Keyser and aerospace firms across the valley.
PricewaterhouseCoopers listed Arizona as the number one state in their 2016 Aerospace Manufacturing Attractiveness ranking. By the end of the year, the state boasted 1,200 aerospace and defense companies, which employed over 52,000 people. In addition, Arizona ranked top 10 in both aviation/aerospace employment and aerospace government contracts.
Keyser aerospace broker Karyn MacVean explains why Arizona is the perfect location for aerospace manufacturing. “Tucson has a tech corridor near the airport. In Maricopa County, there’s a lot of interest in the East Valley in terms of industrial space that’s suitable for manufacturing and R&D,” MacVean says. “Especially with the [AZ-]202 expansion coming into play and the connection to the Laveen Corridor, this opens doors for even more companies. Plus, Yuma will attract some pretty impressive companies because of their potential implementation of a space port.”
MacVean notes that Keyser is the first real estate firm to offer brokerage services to aerospace firms. Further, as the aerospace industry continues to grow, firms will require more specialty features in their facilities. For example, aviation companies need larger spaces for manufacturing, but as the growth of the space industry continues to skyrocket, firms will need advanced research & development facilities like clean rooms or presentation areas.
Keyser ensures that its clients receive the optimal offices and facilities for whatever business needs they may have. MacVean notes, “Because we’re a tenant-rep only firm, we can dedicate a lot of time to the user’s needs and determine what properties fit those needs — that way, we can get those clients to market as soon as possible.”
MacVean finished her thoughts by addressing the massive growth potential for the industry. “Here in Arizona, it’s just the nature of the business environment to be friendly, helpful, and supportive,” MacVean asserts. “Companies come here and find the talent they need in institutions like ASU, UA, and our community colleges. Arizona also provides one of the best quality-of-life environments in the country.”
Arizona has proven that it is one of the premier states for aerospace manufacturing not only at present, but for the foreseeable future. Keyser and other real estate firms will play an instrumental role in ensuring the prosperity of these companies.