Local CRE Trends

Discover What’s New and Interesting in Our Backyard

Phoenix, Arizona is the fifth largest city in the United States by population and the most populous state capital. It is the center of one of the fastest growing job markets and economies in the U.S. – in the last five years, more than $4 billion was invested in office space, retail, restaurants, educational facilities, and hospitality space, according to the City of Phoenix Community and Economic Development Department. Its prime location, just a few hours from major markets in California and Mexico, makes it an ideal place for entrepreneurs to establish a new business.

Phoenix has a diverse economy with strength in technology, manufacturing, bioscience research and advanced business service. It is home to four Fortune 500 companies: Avnet, a distributor of electronic components; mining company Freeport-McMoRan; Republic Services, the second largest provider of non-hazardous solid waste collection, transfer, disposal, recycling, and energy services in the United States; and pet supply company PetSmart.

Downtown Phoenix has the highest concentration of employment in Arizona and is experiencing dramatic growth due to a number of large-scale projects such as the Phoenix Convention Center expansion, Valley Metro Light Rail and the Phoenix Biomedical Campus. The Phoenix Biomedical Campus hosts the highest concentration of research scientists and professionals in the region. The Phoenix Biomedical Campus offers a unique opportunity for bio-industry companies to connect, collaborate and partner with leading organizations in the industry, including nationally recognized biomedical education programs, according to the City of Phoenix Community and Economic Development Department.

The Greater Phoenix commercial real estate market has been on an upswing for the past several years, according to real estate services firm Colliers International. The market outlook predicts continued improvement as Phoenix attracts relocations and expansions. Recently, the Phoenix metro area tied as the ninth-fastest growing economy among the Top 25 metros, according to the U.S. Bureau of Economy Analysis.

About Fidelity National Financial

Fidelity National Financial, Inc. (FNF) is currently ranked #288 on the 2021 FORTUNE 500®*, and is among numerous defense, energy, media, hospitality and financial FORTUNE 500®* companies based in the region. Our Atlanta-based team of CRE professionals works in all facets of the industry, including power and energy projects, office buildings, industrial parks, multifamily housing, retail properties, government contracts, corporate transactions and more.

Discover what’s new and interesting in our backyard in the latest real estate news, provided courtesy of the FNF Newsdesk.

*FORTUNE®” and “FORTUNE 500®” are registered trademarks of Time Inc. Time Inc. is not affiliated with, and does not endorse products or services of, Fidelity National Financial, its subsidiaries, or affiliates.


The Latest Articles From the FNF Newsdesk:

Should I pay off my mortgage early?
When you own a home, the thought of a mortgage looming over your head for decades can be daunting for many people, so it’s natural to want to pay off your mortgage as soon as possible. Before you...

Calendar: What’s driving mortgage rates the week of July 26-30
Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. Our award-winning editors and reporters create honest and accurate content to help you make the...

Preview of the Fed meeting: 3 things to watch as officials eye pandemic inflection point
The Federal Reserve is teeing up a big policy change that could go as far as lifting mortgage rates or yields on certain savings products. The question, however, is how to do it and when —...

The Walmarts Of Wall Street Are Cashing In On Crypto, Here’s What Investors Need To Know
Following Robinhood’s lead many U.S. retail brokerage firms have not only cut brokerage fees to zero, but they are earning a growing share of their revenue from payment-for-order-flow (PFOF)...

President Biden And The Federal Government Want To Know How You’re Competing
President Biden issued an Executive Order named the “Whole-of-Government Competition Policy” that is designed to prompt awareness and action relating to how companies compete. It is an unprecedented...

Growth Will Slow Faster Than Expected...Says The Data
The systemic “inflation” and “labor shortage” myths persist in the financial media despite data to the contrary: Layoffs remain at recessionary levels; Wage growth is slowing, not accelerating; ...

Mortgage and real estate news this week: Lower rates and competitive advice for homebuyers
Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. Our award-winning editors and reporters create honest and accurate content to help you make the...

Mortgage rate deals for week ending July 24, 2021: Top offers from lenders
Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. Our award-winning editors and reporters create honest and accurate content to help you make the...

What is a money market account?
A money market account is an interest-bearing account that you can open at banks and credit unions . They are very similar to savings accounts , but they offer some checking account features as well....

New mortgage forbearance relief plan announced by President Biden
You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools...