What's Hot

    Tax Bill Would Make LIHTC Permanent

    July 2, 2025

    Mesa P&Z Recommends Data Center Zoning Restrictions

    July 2, 2025

    Retail Center & Senior Residential Development Planned in Casa Grande

    July 1, 2025
    Facebook Twitter Instagram
    AZBEX
    NEWS TICKER
    • [July 2, 2025] - Tax Bill Would Make LIHTC Permanent
    • [July 2, 2025] - Mesa P&Z Recommends Data Center Zoning Restrictions
    • [July 1, 2025] - Retail Center & Senior Residential Development Planned in Casa Grande
    • [July 1, 2025] - New 108-Room Hotel, Conference Center Planned in S. Phoenix
    • [July 1, 2025] - State Government Shutdown Averted as Hobbs Signs Budget
    • [July 1, 2025] - Industry Professionals 07-01-25
    • [July 1, 2025] - Commercial Real Estate 07-01-25
    • [June 27, 2025] - Arterial Life Cycle Program Covers 20 Years of Street Development
    Facebook Twitter YouTube LinkedIn
    • Home
    • News
      1. View Latest
      2. Planning & Development
      3. Local News
      4. Classifieds
      5. Editorial Analysis
      6. Budgets & Funding
      7. Commercial Real Estate
      8. People on the Move
      9. Arizona Projects
      10. Legislation & Regulations
      11. Trends

      Retail Center & Senior Residential Development Planned in Casa Grande

      July 1, 2025

      New 108-Room Hotel, Conference Center Planned in S. Phoenix

      July 1, 2025

      Phoenix-to-Tucson Rail Study Advances

      June 27, 2025

      Kimpton Hotel Palomar Phoenix to See $5.5M in Renovations

      June 27, 2025

      Mesa P&Z Recommends Data Center Zoning Restrictions

      July 2, 2025

      Arterial Life Cycle Program Covers 20 Years of Street Development

      June 27, 2025

      $56M+ MAG Program will Enable $90M in Arterial Street Widening Projects

      June 24, 2025

      Ariz. Construction Shed 1,700 Jobs in May

      June 24, 2025

      Glendale Voters to Determine VAI Resort’s Fate

      May 16, 2025

      Legislation Would Effectively Strip NIMBYs of Referendum Tool

      February 11, 2025

      2025 Forecast Tries to Clarify an Uncertain Market

      February 7, 2025

      KOREPlex Buckeye Site Quietly Listed For Sale

      January 31, 2025

      State Government Shutdown Averted as Hobbs Signs Budget

      July 1, 2025

      Arterial Life Cycle Program Covers 20 Years of Street Development

      June 27, 2025

      $56M+ MAG Program will Enable $90M in Arterial Street Widening Projects

      June 24, 2025

      MAG Committee Info Details Upcoming Pavement Plans

      June 20, 2025

      Commercial Real Estate 07-01-25

      July 1, 2025

      Commercial Real Estate 06-24-25

      June 24, 2025

      Commercial Real Estate 06-17-25

      June 17, 2025

      Commercial Real Estate 06-10-25

      June 10, 2025

      Industry Professionals 07-01-25

      July 1, 2025

      Industry Professionals 06-24-25

      June 24, 2025

      Industry Professionals 06-17-25

      June 17, 2025

      Industry Professionals 06-10-25

      June 10, 2025

      Arizona Projects 06-27-25

      June 27, 2025

      Arizona Projects 06-20-25

      June 20, 2025

      Arizona Projects 06-13-25

      June 13, 2025

      Arizona Projects 06-06-25

      June 6, 2025

      Tax Bill Would Make LIHTC Permanent

      July 2, 2025

      State Government Shutdown Averted as Hobbs Signs Budget

      July 1, 2025

      Hobbs, Legislators Reach Water Use Compromise

      June 24, 2025

      Phoenix Delays Data Center Rezone Vote

      June 20, 2025

      Ariz. Construction Shed 1,700 Jobs in May

      June 24, 2025

      NABH Council Partnership Wants to Expand Workforce Pipeline

      June 17, 2025

      Project Abandonments Hit a Record in May

      June 13, 2025

      U.S. Construction Added 4,000 Jobs in May

      June 10, 2025

      Tax Bill Would Make LIHTC Permanent

      July 2, 2025

      Mesa P&Z Recommends Data Center Zoning Restrictions

      July 2, 2025

      Retail Center & Senior Residential Development Planned in Casa Grande

      July 1, 2025

      New 108-Room Hotel, Conference Center Planned in S. Phoenix

      July 1, 2025
    • AZBEX
      • Subscribe
      • Classifieds
      • Advertising
    • DATABEX
      • Webinars
      • Monthly Snapshot
    • Events
      • 2025 Mid-Year Update
    • About Us
      • Meet the Company
      • Meet the Sales Team
      • Meet the Editorial Team
      • Meet the BEXperts
    AZBEX
    Home » Economic Development » Business Migrations Fueling Major PHX CRE Growth
    Economic Development

    Business Migrations Fueling Major PHX CRE Growth

    BEX StaffBy BEX StaffAugust 31, 2021No Comments2 Mins Read
    Credit: Industry Today
    Share
    Facebook Twitter LinkedIn Pinterest Email

    By Andrea Davis CRE 

    Companies across the U.S. are packing up their businesses and flocking to Arizona. 

    With its high-skilled talent pipeline, affordable cost of living, and lower taxes than neighboring states, Arizona – and primarily Metro Phoenix – has developed its position as an attractive business location, with no signs of slowing down. 

    One recent addition is scientific equipment supplier Atonarp Inc. from Fremont, California, who will call the Valley of the Sun home at 15950 N. 76th Street, Scottsdale. 

    Atonarp works at the forefront of next-generation molecular profiling, developing instrument platforms and software applications that enable healthcare and industrial markets to more predictably and precisely identify, analyze, and act upon real-time molecular insights. It plans on hiring 20 scientists and engineers and building a state-of-the-art optics lab to support its work. 

    While Arizona has witnessed companies from all industries relocate to Arizona, some commercial real estate sectors are experiencing more growth than others. With the increased data demand from increased home offices, online schooling and more, industrial property construction has intensified over the last year, with a buildout of more than 270MSF across nearly 1,000 properties.  

    Warehouse construction has also increased to support the demand for manufacturing and production. Companies like Intel and Amazon are just a few of the companies that have opened or plan to open warehouses in Arizona. Metro Phoenix ranks No. 3 in the Sun Belt for new construction, behind only the Texas markets of Dallas-Fort Worth and Houston.   

    The interest in medical office buildings has increased as Metro Phoenix continues to expand its economic and healthcare footprint. Net absorption for medical office space in Q4 2020 reached nearly 112KSF. 2020 ended with a positive net absorption in all four quarters. Demand in this sector is expected to remain high the remainder of 2021. (Source)

    affordability Amazon Atonarp Inc Commercial Real Estate CRE economic development Healthcare In-migration Industrial Intel job growth medical office building MOB Private relocation Sun Belt
    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email

    Related Posts

    Mesa P&Z Recommends Data Center Zoning Restrictions

    July 2, 2025

    Retail Center & Senior Residential Development Planned in Casa Grande

    July 1, 2025

    New 108-Room Hotel, Conference Center Planned in S. Phoenix

    July 1, 2025

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Our Picks

    Tax Bill Would Make LIHTC Permanent

    July 2, 2025

    Mesa P&Z Recommends Data Center Zoning Restrictions

    July 2, 2025

    Retail Center & Senior Residential Development Planned in Casa Grande

    July 1, 2025

    New 108-Room Hotel, Conference Center Planned in S. Phoenix

    July 1, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • LinkedIn
    • YouTube
    Don't Miss
    Federal

    Tax Bill Would Make LIHTC Permanent

    July 2, 20250

    By National Council of State Housing Agencies (On June 16), Senate Finance Committee Chairman Mike…

    Mesa P&Z Recommends Data Center Zoning Restrictions

    July 2, 2025

    Retail Center & Senior Residential Development Planned in Casa Grande

    July 1, 2025

    New 108-Room Hotel, Conference Center Planned in S. Phoenix

    July 1, 2025

    BEX serves architecture, engineering and construction firms as well as all the ancillary product and service categories that market to them. These include manufacturing representatives, public agencies and private real estate organizations, specialty subcontractors and services providers related to our industry.

    Our Picks

    Tax Bill Would Make LIHTC Permanent

    July 2, 2025

    Mesa P&Z Recommends Data Center Zoning Restrictions

    July 2, 2025

    Retail Center & Senior Residential Development Planned in Casa Grande

    July 1, 2025
    Contact Us

    Phone: 480-709-4190
    Address: P.O. Box 12196 Tempe, AZ 85284
    Email: sales@azbex.com

    Type above and press Enter to search. Press Esc to cancel.