Flix Brewhouse™, the world’s only combination first-run cinema and dine-in microbrewery, will become the entertainment anchor at the southeast corner… Read More
According to the U.S. Bureau of Economic Analysis, Arizona ranked No. 4 nationally for annual gross domestic product (GDP) growth in the second quarter of 2016, just behind of Idaho, Nebraska and Utah.
Arizona’s GDP growth of 2.7 percent was led by growth in real estate and rental and… Read More
Although Tempe is often considered one of the most popular office submarkets in the Valley, it is also a popular destination for small- to medium-sized industrial users who don’t fit into the big box industrial space in the Southwest Valley. Like the tech tenants that have flocked toward the centrally located city, a wave of nutraceutical companies have taken advantage of the Class A and B product that is often unavailable… Read More
According to JLL’s U.S. Technology Outlook, Phoenix has become a magnet to tech entities, thanks to its lower cost of doing business, including average office rents of $23.94 per-square-foot (PSF), and its educated workforce, with 29 percent of the population holding a bachelor’s degree or higher.
“Companies coming from markets like… Read More
Arizona ranked the 8th lowest nationally in regards to what percentage of state income must be devoted to debt in order to amortize the liability over 30 years.
Three of the four states that scored the worst in this ranking, Connecticut, Kentucky and Illinois, already have effective tax rates that are among the highest in the country.
Source: Azgovernor.gov, Governing Magazine, J.P. Morgan… Read More
- In a study conducted by WalletHub, the cities of Scottsdale (#15), Tempe (#48) and Chandler (#49) were all ranked as some of the best cities to start a career for young professionals. The cities also ranked highly in the quality of life category, ranking #1, #18 and #2, respectively.
- Moreover, several Arizona cities ranked highly for affordable housing, with Gilbert (#1) and Chandler (#4) … Read More
In an annual poll conducted by Chief Executive Magazine, CEOs across the country ranked Arizona as the sixth best state for doing business. The Grand Canyon State ranked second in the Southwest, ahead of New Mexico, Arkansas and Oklahoma.
CEOs in the poll said they favored states with… Read More
According to the BLS, total non-farm employment in Metro Phoenix reached 1,973,000 payrolls in March 2016, representing an annualized increase of 69,900 jobs or 3.7 percent. Meanwhile, unemployment continues to improve, decreasing to 4.5 percent, down 80 basis points from one year prior.
Click here to download our full May Employment Update report.
- Arizona’s purchasing power ranks No. 3 among western U.S. states, according to the BEA’s Regional Price Parity indicator based on the 2013 Consumer Price Index.
- California will increase its minimum wage to $15.00 per hour … Read More
JLL Senior Vice President Keith Lammersen sat down with Phoenix Business Journal for an exclusive interview in their article “Valley needs to show suitors a good side.” In the article, Lammersen discusses how Phoenix needs just an initial introduction to more tech companies to showcase the market’s benefits stating, “Once they get here they realize there is… Read More