According to the National Association of Industrial and Office Properties, the concept of a traditional office building is long gone, making way for the kind of creative spaces that caters to highly sought-after knowledge-based companies, many of which employ primarily millennial workers between the ages of 25 to 40.
Companies are looking for office space with modern, open and flexible floor plans designed to foster collaboration and increased productivity for knowledge-based workers.
The Monroe Building ownership team is looking ahead to the future of office space by being the first to offer move-in ready creative class A office space.
The mid-century modern building, located at 111 W. Monroe St., has officially completed approximately 13,500 square-feet of cutting-edge, open concept suites. High profile startups Gainsight and Allbound snapped up two of the suites during construction and have already moved in. Remaining suites include a 6,000 and a 2,000 square-foot space, with ownership already considering plans to buildout another floor.
The 6th floor creative office was designed to better reflect the trends shaping success in business today—inventive, team oriented, open, collaborative and flexible. The comprehensive renovations started with demolition of the entire floor back to shell condition and complete new installation of everything from fixtures and lights to building energy management systems. The state of the art creative space is not only aesthetic but also efficient and functional.
“Our tenants have helped us design spaces that encourage collaborative environments,” said Tim O’Neil, p0rincipal at Ironline Partners and part of the ownership team. “High growth, innovative and technology-oriented businesses view ‘work environment’ and ‘company culture’ both as drivers of professional fulfillment and advantages in the fight for talent. We are committed to delivering a great experience to our tenants and working together to promote the dynamic community and unique opportunities in downtown Phoenix.”
Recently renovated Monroe Building has created a hip first-floor atmosphere that’s not only pedestrian friendly, but also only entirely comprised of local, boutique retailers, including a wine shop and a coffee shop.
Other amenities include free Wi-Fi in the common areas, high speed internet hookup, a mobile app/text valet service for visitor parking and close proximity to the Light Rail, as well as numerous restaurants and hotels within walking distance. The high tech, modern aesthetic is the perfect atmosphere for businesses looking to encourage creativity and increase efficiency.
To inquire about leasing space at The Monroe Building contact Michael Crystal, Managing Director at Newmark Grubb Knight Frank (mcrystal@ngkf.com).
