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Phoenix has one of the fastest growing job markets in the country. In fact, the market has led US job growth for the last three years, and from May 2018 to May 2019 the market gained 66,500 new jobs. The strong job growth has translated into a vibrant office market with 29 consecutive quarters of positive net absorption and a declining vacancy rate. According to a report from Colliers International, the second quarter closed with 96,000 square feet of positive net absorption.

“By almost every growth metric, from population to incomes and education to jobs, the Phoenix MSA is either at the top, or in the least within the top five in the nation,” Thomas Brophy, research director at Colliers International in Arizona, tells GlobeSt.com. In addition to that, Greater Phoenix Economic Council led by Chris Camacho, Arizona Commerce Authority and the various municipal economic developers across Valley area cities have done an excellent job in marketing the Phoenix area as the place where businesses, and people, want to be.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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