Maricopa County grew by 81,360 residents between July 1, 2015 and July 1, 2016, the largest population gain in the nation. Harris County, Texas, had the second-largest net migration, growing by 56,587 people over the same time period.
The city of Phoenix added approximately 32,113 residents over the same time span, making it… Read More
Greater Phoenix is the eighth best metro for entrepreneurs in the nation, according to the 2017 Kauffmann Startup Activity Index which tracks startup growth in the U.S. The Grand Canyon State earned the No. 4 spot for state startup activity, just behind California, Texas and Florida
The Kauffman Startup Activity Index focuses on… Read More
You might expect the priciest place to set up shop in a new office would also be the one with the priciest rents. But there’s more than meets the eye when it comes to the cost of converting outdated office space into… Read More
Phoenix’s population rose from nearly 4.2 million to more than 4.6 million from 2010 to 2016 based on new population estimates released by the U.S. Census Bureau. Metro Phoenix averaged a total net increase of over 1,436 persons per week over that time period.
Of the top ten metro areas with the highest… Read More
According to the “2017 Most Wanted Tech Employee” report, Arizona State University ranked 10th and University of Phoenix ranked 22nd in volume of hires made by the top 25 Silicon Valley companies in 2016.
Not only does Phoenix provide cheaper rents and a… Read More
Arizona State University (ASU) ranked 21st in the Milken Institute’s “University Technology Transfer and Commercialization Index.” The Index quantitatively measures how public and private universities capitalize on their research success by converting it for private-sector applications.
With an index score of 100, the University of Utah ranked first in the study followed closely… Read More
The banking model of yesterday was all about the brand with the most locations—the “bricks”. Today, banks are measured by how effectively they deliver remote, anytime, anywhere access to their customers—the “clicks.”
The days of the bank branch being the most immediate and visible way customers interact with banks are long gone. The… Read More
According to a recent report released by the Computing Technology Industry Association, the average annual salary of a tech employee in Phoenix was $98,870 in 2016. Workers employed in the Phoenix tech sector earn nearly twice the average metro area salary of $50,200.
Arizona ranked ninth nationally with 48.3 percent of all tech… Read More
The average asking rent in Metro Phoenix reached $24.91 per square foot (Full Service Gross) in in the first quarter of 2017. Asking rents have increased 4.9 percent from one year ago and have surged 22.8 percent since 2012.
Phoenix asking rents are still 7.1 percent below the pre-recession peak of $26.82 set… Read More
Growth among traditional and non-traditional industrial users continues to push the Phoenix industrial market forward. This is particularly true in Scottsdale and Deer Valley, where asking rents surged as much as 30 percent in the first quarter of the year as demand surpassed new product in Scottsdale and matched new supply in Deer Valley, according to our Q1 2017 Phoenix Industrial Insight report.
While the average asking rental rate for local industrial space is $0.50 per-square-foot,… Read More