Offerpad Moves to New Headquarters
This week, real estate tech startup Offerpad threw a “welcome home” party in honor of the company’s move into its new Chandler, Ariz.-based headquarters. Offerpad moved its corporate hub from Gilbert to Phoenix’s East Valley in March. The new headquarters offers nearly 40,000 square feet — more than tripling the size of the company’s previous space. Arizona Gov. Doug Ducey delivered remarks at the event.
Offerpad, which launched in 2015, is privately held, with markets in Atlanta, Austin, Charlotte, Dallas-Fort Worth, Houston, Las Vegas, Los Angeles, Orlando, Phoenix, Raleigh, Salt Lake City, San Antonio, Tampa, and Tucson.
Arizona is quickly becoming known as a hub for iBuyers. Gov. Ducey in March signed a “Property Technology Sandbox” bill, which offers incentives for businesses in the state to test innovative products or services in the real estate industry. By reducing costly barriers to entry, the legislation promotes the development of disruptive technologies affecting the transfer and management of both commercial and residential property.
“This is a milestone that marks the tremendous growth Offerpad has experienced since we got started less than four years ago. Over the past two years, employee growth has increased almost 400 percent. Our new headquarters is great for us internally and it will help us continue to innovate real estate solutions for consumers around the country,” said Offerpad founder and CEO, Brian Bair.
Offerpad, which emphasizes “Homes Not Houses,” created its new office to feel more like home. It was designed with numerous unique meeting spaces bearing names like Living Room, Dining Room and Workshop. The headquarters’ floating mezzanine “Sundeck” is outfitted with meeting spaces inspired by the comforts of the home patio or backyard as well as leisure sports for employees and visitors to enjoy; the entry “Front Yard” area includes a large tree and bicycles; and there are couches and meeting nooks throughout the building’s open floor plan.