MARKET INFORMATION
GREATER PHOENIX
For more information, select a market below.
Phoenix Market
Phoenix Market
The City of Phoenix is a fast-paced and dynamic city with a welcoming attitude towards its residents and businesses.
Phoenix is the 5th largest city in the United States, and currently houses more 1.6M residents with the median age being 34 years old. The population grew 11.2% between 2010-2020, and the city is still seeing businesses and families alike relocating to the city. Phoenix has plenty to offer its residents and visitors, including more than 185 golf courses, 10 luxurious resorts, the finest dining in the state, and more than 50 miles of hiking, biking, and horseback riding trails.
There are currently close to 50,000 businesses in Phoenix and over 750,000 employees. Entertainment, travel, and apparel are the most popular business sectors residents spend their income on. Phoenix is home to the corporate headquarters of 5 Fortune 500 companies: Avnet, Freeport-McMoRan, Republic Services, Magellan Health and Sprouts Farmers Market (2021).
Scottsdale
Scottsdale
Scottsdale, Arizona is the 7th largest city in the state of Arizona and one of the most popular suburbs in Phoenix Metro.
Located in the beautiful Sonoran Desert and bordered by Phoenix to the West and the McDowell Mountains to the East, Scottsdale is annually rated among the nation’s most desirable communities to live in, visit and do business in. One of the biggest workforce industries is tourism, which services the 11M+ tourists that visit the city each year. With over 240,000 residents and an average household income of over $157,000, Scottsdale is a desirable spot for businesses searching for commercial property.
Scottsdale’s top 5 largest employers include HonorHealth, General Dynamics, Vanguard, City of Scottsdale, and CVS Health with approximately 18,000 employees combined. Scottsdale has endless recreational activities for its residents and visitors that include pristine golf courses, resorts, upscale dining, gorgeous hiking trails, horseback riding, museums, and more.
Old Town Scottsdale
Scottsdale leaders made a conscious effort to promote a special identity, linked to the Old West, as a reflection of the city’s roots and as a draw for tourists. The Chamber of Commerce established a Western theme for downtown and adopted the “West’s Most Western Town” as Scottsdale’s slogan. Old Town Scottsdale is considered the finest urban center in Arizona. It is home to more than 90 restaurants, 320 retail shops and more than 80 art galleries.
Central Scottsdale
Central Scottsdale lies just outside of the hustle and bustle of the rest of Scottsdale. The area offers a family atmosphere in their master-planned communities, golf courses including The McCormick, Camelback and Silverado, unique dining experiences, and plenty of shopping in the immediate area.
Scottsdale Airpark
The Scottsdale Airpark is one of the largest employment centers in all of Arizona. There are currently almost 3,000 businesses and over 50,000 employees. Anchored by Scottsdale Airport, The Airpark has over 2 million square feet of commercial space and is home to some of the most prestigious company headquarters such as AXON, Blue Yonder, and Vanguard.
Tempe
Tempe
Tempe is situated in the heart of the Valley and just 10 minutes from Phoenix Sky Harbor International Airport.
The city is a top technology center in Arizona and a leading choice for major corporations. Primary city initiatives focus on transportation, accessibility, sustainability, quality of life and inclusivity. There are over 210,000 employees in Tempe and Arizona State University employs most daytime employees.
Tempe is a vibrant and active community. Home to Tempe Town Lake, Tempe Center for the Arts, Historic Mill Avenue, PAC 12 Sports, and the oldest comedy club in Arizona, Tempe Improv. With over 40 events and festivals in the downtown and lake districts you can find something fun and relaxing to do any time you want. Tempe is the most walkable and bikeable city in the Valley, with hundreds of miles of bike lanes and pedestrian corridors.
Mesa
Mesa
Mesa is the 35th largest city in the United States and the 3rd largest city in the state of Arizona.
The city is easily accessible via a robust freeway system and is part of the light rail system with stops extending from Downtown to Gilbert. There are more than 40 golf courses, 66 outdoor parks, 14 art studios, 65 hotels and resorts, over 3,000 restaurants, and miles of hiking/biking trails. Mesa is home to some of the best Spring Training baseball in the nation, with the Chicago Cubs and Oakland A’s calling the city home for training.
Mesa currently has over 191,000 households and over 245,000 employees serving the city. The diverse business community has a strong competitive advantage in the healthcare, education, aerospace, technology, and tourism sectors. The city was ranked 6th best for businesses in Arizona according to Chief Executive Magazine in 2016 and continues to see growth in population and new businesses.
Chandler
Chandler
Chandler, Arizona is the 4th largest city in the state and spans over 65 miles.
Chandler has consistently been one of the fastest growing cities in the United States since the 1990s. There are over 100,000 households currently and the city has approved various multi and single-family developments to continue accommodating its growing population.
Chandler’s leading employers include Intel, Wells Fargo Bank, Chandler Unified School District, Bank of America and Dignity Health, which provide over 28,000 jobs to the city combined. Recreation in Chandler provides its residents and visitors with plenty of options of entertainment that include hiking, biking, horseback riding, golfing, dining and shopping. Downtown Chandler hosts several annual events that range from bar crawls to weekly farmers markets, ensuring there are activities for people of all ages.
Gilbert
Gilbert
Gilbert, Arizona’s 5th largest city, is composed of a diverse and vibrant population covering a vast section of neighborhoods and suburban communities.
Gilbert ranks in the upper quartile for Population Density compared to other neighboring cities. Gilbert is also known as a white-collar town with 87.92% of the workforce employed in white-collar jobs, well above the national average. Much of the housing in Gilbert was recently built, with the average of their real estate being some of the newest in the nation. Many families with children are attracted to Gilbert due to their exceptional public school district, lower than average crime rates and overall tight knit community.
In the last 10 years, Gilbert has experienced some of the highest home appreciation rates in the nation when compared to other communities. With almost 268,000 residents and 77,632 houses and apartments, Gilbert houses are among the most expensive in Arizona, the median cost being $416,026. Gilbert homes are among some of the newest in America with 56% of housing being built after 2000.
Glendale / Peoria
Glendale / Peoria
Glendale is the 6th largest city in the state and is located just 30 minutes from the capital of Phoenix.
Historic Downtown Glendale has been ranked as one of the country’s top ten destinations for shopping, and offers a variety of boutiques, shops, and dining options. Glendale is also home to State Farm Stadium, one of the nation’s top stadiums. The stadium hosted the 2008 and 2015 Super Bowls and will be hosting the upcoming 2023 Super Bowl. Luke Air Force Base resides within the city border and is the training home for new F-35 pilots.
Glendale currently has over 250,000 residents, 88,000 households, 6,000 total businesses, and 82,500 total employees. Education and health care/social assistance are the largest industries in the Glendale workforce, with almost 23,000 employees serving the city’s residents. The current top employers for the city include Luke Air Force Base and Banner Health.
Phoenix Market
Phoenix Market
The City of Phoenix is a fast-paced and dynamic city with a welcoming attitude towards its residents and businesses.
Phoenix is the 5th largest city in the United States, and currently houses more 1.6M residents with the median age being 34 years old. The population grew 11.2% between 2010-2020, and the city is still seeing businesses and families alike relocating to the city. Phoenix has plenty to offer its residents and visitors, including more than 185 golf courses, 10 luxurious resorts, the finest dining in the state, and more than 50 miles of hiking, biking, and horseback riding trails.
There are currently close to 50,000 businesses in Phoenix and over 750,000 employees. Entertainment, travel, and apparel are the most popular business sectors residents spend their income on. Phoenix is home to the corporate headquarters of 5 Fortune 500 companies: Avnet, Freeport-McMoRan, Republic Services, Magellan Health and Sprouts Farmers Market (2021).
Scottsdale
Scottsdale
Scottsdale, Arizona is the 7th largest city in the state of Arizona and one of the most popular suburbs in Phoenix Metro.
Located in the beautiful Sonoran Desert and bordered by Phoenix to the West and the McDowell Mountains to the East, Scottsdale is annually rated among the nation’s most desirable communities to live in, visit and do business in. One of the biggest workforce industries is tourism, which services the 11M+ tourists that visit the city each year. With over 240,000 residents and an average household income of over $157,000, Scottsdale is a desirable spot for businesses searching for commercial property.
Scottsdale’s top 5 largest employers include HonorHealth, General Dynamics, Vanguard, City of Scottsdale, and CVS Health with approximately 18,000 employees combined. Scottsdale has endless recreational activities for its residents and visitors that include pristine golf courses, resorts, upscale dining, gorgeous hiking trails, horseback riding, museums, and more.
Old Town Scottsdale
Scottsdale leaders made a conscious effort to promote a special identity, linked to the Old West, as a reflection of the city’s roots and as a draw for tourists. The Chamber of Commerce established a Western theme for downtown and adopted the “West’s Most Western Town” as Scottsdale’s slogan. Old Town Scottsdale is considered the finest urban center in Arizona. It is home to more than 90 restaurants, 320 retail shops and more than 80 art galleries.
Central Scottsdale
Central Scottsdale lies just outside of the hustle and bustle of the rest of Scottsdale. The area offers a family atmosphere in their master-planned communities, golf courses including The McCormick, Camelback and Silverado, unique dining experiences, and plenty of shopping in the immediate area.
Scottsdale Airpark
The Scottsdale Airpark is one of the largest employment centers in all of Arizona. There are currently almost 3,000 businesses and over 50,000 employees. Anchored by Scottsdale Airport, The Airpark has over 2 million square feet of commercial space and is home to some of the most prestigious company headquarters such as AXON, Blue Yonder, and Vanguard.
Tempe
Tempe
Tempe is situated in the heart of the Valley and just 10 minutes from Phoenix Sky Harbor International Airport.
The city is a top technology center in Arizona and a leading choice for major corporations. Primary city initiatives focus on transportation, accessibility, sustainability, quality of life and inclusivity. There are over 210,000 employees in Tempe and Arizona State University employs most daytime employees.
Tempe is a vibrant and active community. Home to Tempe Town Lake, Tempe Center for the Arts, Historic Mill Avenue, PAC 12 Sports, and the oldest comedy club in Arizona, Tempe Improv. With over 40 events and festivals in the downtown and lake districts you can find something fun and relaxing to do any time you want. Tempe is the most walkable and bikeable city in the Valley, with hundreds of miles of bike lanes and pedestrian corridors.
Mesa
Mesa
Mesa is the 35th largest city in the United States and the 3rd largest city in the state of Arizona.
The city is easily accessible via a robust freeway system and is part of the light rail system with stops extending from Downtown to Gilbert. There are more than 40 golf courses, 66 outdoor parks, 14 art studios, 65 hotels and resorts, over 3,000 restaurants, and miles of hiking/biking trails. Mesa is home to some of the best Spring Training baseball in the nation, with the Chicago Cubs and Oakland A’s calling the city home for training.
Mesa currently has over 191,000 households and over 245,000 employees serving the city. The diverse business community has a strong competitive advantage in the healthcare, education, aerospace, technology, and tourism sectors. The city was ranked 6th best for businesses in Arizona according to Chief Executive Magazine in 2016 and continues to see growth in population and new businesses.
Chandler
Chandler
Chandler, Arizona is the 4th largest city in the state and spans over 65 miles.
Chandler has consistently been one of the fastest growing cities in the United States since the 1990s. There are over 100,000 households currently and the city has approved various multi and single-family developments to continue accommodating its growing population.
Chandler’s leading employers include Intel, Wells Fargo Bank, Chandler Unified School District, Bank of America and Dignity Health, which provide over 28,000 jobs to the city combined. Recreation in Chandler provides its residents and visitors with plenty of options of entertainment that include hiking, biking, horseback riding, golfing, dining and shopping. Downtown Chandler hosts several annual events that range from bar crawls to weekly farmers markets, ensuring there are activities for people of all ages.
Gilbert
Gilbert
Gilbert, Arizona’s 5th largest city, is composed of a diverse and vibrant population covering a vast section of neighborhoods and suburban communities.
Gilbert ranks in the upper quartile for Population Density compared to other neighboring cities. Gilbert is also known as a white-collar town with 87.92% of the workforce employed in white-collar jobs, well above the national average. Much of the housing in Gilbert was recently built, with the average of their real estate being some of the newest in the nation. Many families with children are attracted to Gilbert due to their exceptional public school district, lower than average crime rates and overall tight knit community.
In the last 10 years, Gilbert has experienced some of the highest home appreciation rates in the nation when compared to other communities. With almost 268,000 residents and 77,632 houses and apartments, Gilbert houses are among the most expensive in Arizona, the median cost being $416,026. Gilbert homes are among some of the newest in America with 56% of housing being built after 2000.
Glendale / Peoria
Glendale / Peoria
Glendale is the 6th largest city in the state and is located just 30 minutes from the capital of Phoenix.
Historic Downtown Glendale has been ranked as one of the country’s top ten destinations for shopping, and offers a variety of boutiques, shops, and dining options. Glendale is also home to State Farm Stadium, one of the nation’s top stadiums. The stadium hosted the 2008 and 2015 Super Bowls and will be hosting the upcoming 2023 Super Bowl. Luke Air Force Base resides within the city border and is the training home for new F-35 pilots.
Glendale currently has over 250,000 residents, 88,000 households, 6,000 total businesses, and 82,500 total employees. Education and health care/social assistance are the largest industries in the Glendale workforce, with almost 23,000 employees serving the city’s residents. The current top employers for the city include Luke Air Force Base and Banner Health.
