Market Intel

Economy

Arizona ranked No. 1 inbound state in the nation

A recent American Enterprise Institute (AEI) comparison ranked Arizona the number one inbound state in the nation. The inbound-outbound ranking is determined by the percentage of people moving to the state versus those leaving in 2018 based on Census Bureau data. The comparison also reviewed indicators related to tax and

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Economy

Mesa thrives in the center of the commercial real estate boom

The Mesa community is comprised of several master-planned communities including Taylor Morrison, Shea Homes, Marcay Homes, Meritage Homes, Pulte Homes, Woodside Homes, and ranked once again at No.7 in the nation and No.1  in Arizona is Eastmark by RCLCO, Top-Selling Master-Planned Communities. This development is one of the largest residential

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Economy

Phoenix becomes a hot spot for attracting million-dollar businesses

The Phoenix area continues to rise as one of the top cities in the country to attract million-dollar businesses. In its annual major-city-by-major-city list of the country’s best places to bring in million-dollar companies, Lending Tree stuck Phoenix right in the middle of its roundup at 25 out of 50.

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Economy

Phoenix among US cities adding the most million-dollar businesses

Phoenix is seeing its share of million-dollar companies grow, according to a recent report from LendingTree. From 2014 to 2016, the Valley saw its percentage of companies with revenue of at least $1 million climb 6.2%. That represents the addition of 1,211 businesses with revenue in seven figures, according to

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Economy

Metro Phoenix apartment industry contributes $53.8B to economy

A new Hoyt Advisory Services Study commissioned by the National Apartment Association (NAA) and National Multifamily Housing Council (NMHC) reveals that the apartment industry and its residents annually contribute $53.8 billion to Phoenix’s economy, $73.2 billion to Arizona’s and more than $3.4 trillion – or $9.3 billion daily – to

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Economy

The hottest places for millennials to live in Phoenix in 2019

Thanks to factors including strong job growth and a booming tech sector, Phoenix is one of the best cities for millennials — and the Valley has plenty of great places for these young professionals to call home. To find the best neighborhoods and parts of town for millennials to live, we

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Economy

200 new residents a day flocking to metro Phoenix, report finds

PHOENIX – How fast are people flocking to the Valley? The Greater Phoenix population has been rising by 200 residents a day as a result of people relocating, according to a recent Bloomberg report. The news organization looked at net migration – the number of residents who move in minus

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Economy

California businesses are heading to Arizona

Arizona is open for business, a fact becoming more apparent with each new company setting up shop in the state. Arizona Governor Doug Ducey says, “burdensome regulations and crippling costs” are driving both large and small businesses to move to Arizona and take advantage of the state’s innovative-friendly regulation, low

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Economy

Arizona ranks among Top 10 states to start a business

In WalletHub’s 2019 “Best & Worst States to Start a Business” report, Arizona ranked among the best in the nation, landing at number seven among all states. The report assessed states on three main criteria: business environment, which includes metrics like average work week length, growth in number of small businesses,

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Economy

Phoenix overtakes NYC in Top 10 best cities for start-ups

Each year, start-ups create most of the new jobs in the country, having a direct impact on the economies of the cities they choose as their homes. In COMMERCIALCafé‘s latest study, it ranked the 10 best cities for start-ups for three population brackets – below 500,000, 500,000-1 million, and over

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