JLL’s newly-released U.S. High-tech Office Outlook indicates High-tech services employment growth beats U.S. employment growth by 2.2 times, driving office real estate demand in key markets across the country. No signs of a bubble here: conservative funding, stable IPO activity, and accelerator and incubator launch pads stabilize growth.
Phoenix is an emerging technology market with a healthy mix of both large and small technology-oriented companies focused primarily in the Southeast Valley. Well-established manufacturing firms like Intel, Honeywell and ON Semiconductor rely heavily on the Phoenix workforce and employ thousands locally. Companies like Go Daddy, JDA Software, Infusionsoft and Life Lock, which focus on software and security, are also taking advantage of the strong workforce as well as local business incentives to grow. Local municipal governments, state universities and other entities are doing their part to promote start-ups as well by hosting workshops, funding grants and providing other resources to help entrepreneurial Phoenix high-tech companies.