Phoenix Medical Office Jobs Increase 3.7%

The medical office job market in Phoenix is growing. According to a recent report from Colliers International, medical office jobs have increased 3.7% this year, and the job growth is fueling investment and development in the sector. The job market is, of course, tied to the substantial population growth in Phoenix.

“The sustained population growth the Phoenix Metro has witnessed over the last decade is fueling the need for more medical services,” Tom Brophy of Colliers International, tells GlobeSt.com. “In a similar way that retail follows rooftops so to do population increases lead to greater need for medical services. Maricopa County has led the nation in year-over-year population growth taking the top spot each year since 2016.”

The population has fueled overall job growth, and the medical office market is another beneficiary. “Not only has Phoenix been top spot for population growth, Phoenix has also been in the top five for overall job growth; since 2010, medical and related jobs in the Phoenix Metro have increased a little over 40% to approximately 281,000 total jobs. In fact, the health care related job growth rate for Phoenix is nearly double that of the US, which, in turn, is fueling medical office demand,” adds Brophy.