The latest edition of JLL’s Investment Intensity Index has Phoenix making the cut. The “Valley of the Sun” took the 27th spot on the top 30 list for global real estate investment intensity.
High-tech and innovation helped Phoenix rise on the prestigious list, which included several small to midsized “New World Cities” with similar population levels (1 to 5 million). The list compares the volume of direct commercial real estate investment in a city over a three-year period relative to the city’s current economic size.
Other Southwest cities that made the list include Las Vegas (15th), Austin (23rd) and Denver (26th).
Phoenix did especially well when the cities were further divided by sectors, claiming a spot on the top 20 list for both retail and logistics.