Tag Archives: tech real estate

Just how much cheaper is Phoenix for tech companies compared to Silicon Valley?

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There are many reasons tech companies are choosing Phoenix as their home: a more affordable quality of life for employees, a strong and growing talent pool, and—most significantly—a lower cost of doing business including lower real estate costs.

According to JLL’s U.S. Technology Outlook, office rent in Phoenix’s most expensive tech submarket (Tempe) is 71 percent cheaper than Silicon Valley’s most expensive tech submarket (Menlo Park) and is 34 percent cheaper than… Read More