The Phoenix Metropolitan area reached a total of 4.8 million residents and counting at the end of Q2 2018 and is currently the 11th largest metro throughout the country.
Although the city of Phoenix will remain the major population center for the region, Chandler and Gilbert are making large strides , growing for a total of 16 and 25 percent respectively since 2010. Of the five largest cities, Gilbert also holds the fifth-highest MSA annual growth rate at 2.2 percent, with Chandler in 8th at 1.8 percent.
The largest annual growth rates in 2018 came from the outskirts of the metro area, in Queen Creek (3.74 percent), and Buckeye (2.65 percent) as a result of growing access to employment opportunities.
Attractive development and industrial e-commerce activity in the West Valley may bring Glendale into the top five next year, currently only 1200 residents behind Scottsdale.
Source: JLL Research, ESRI, Census, BLS
About the author
Rudolph “Nick” Perez is a market analyst in Phoenix, responsible for tracking and analyzing all local real estate market fundamentals. He works closely with brokerage and support professionals throughout the western region as well as colleagues throughout the global JLL organization to provide best-in-class research that differentiates JLL.