Phoenix Economic Development
Economic development in the West Valley has transformed into a highly competitive and sought-after market for companies to relocate and expand, and with it, the housing market continues to flourish according to the 8th Annual Phoenix Land and Housing Forecast.
The growth of technology companies in the Valley that are starting to move back to the Central City adds up to a 318-percent increase in tech companies in Central Phoenix.
The main reason Phoenix can compete with other tech markets like San Francisco, Dallas, and Austin is because Metro Phoenix’s strong talent pipeline and workforce demographics.
Overall, Metro Phoenix has experienced a 140-percent growth in the number of companies choosing to relocate regional or corporate headquarters to Metro Phoenix.
Focused and strategic efforts to attract new companies and jobs to the area in the industries of biosciences, advanced manufacturing, and technology, (to name a few) keeps Phoenix real estate a consistently-growing and desirable market for real estate investors.
Phoenix economic development
