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GREATER PHOENIX IS AN EMERGING TECH MARKET. THE REGION IS SOUGHT AFTER FOR ITS TALENT, COLLABORATIVE ENVIRONMENT, BUSINESS-FRIENDLY CULTURE AND QUALITY OF LIFE.—CBRE PAYPAL LYFT ON SEMICONDUCTOR OSCAR AMERICAN EXPRESS ZOOM DOORDASH SAP TOP COMPANIES HAVE THOUSANDS OF EMPLOYEES IN PHOENIX 6 FORTUNE 500 COMPANIES HQ IN ARIZONA GAINED 1.6M RESIDENTS SINCE 2000 ONE OF THE FASTEST- GROWING METRO AREAS 2,700 SOFTWARE DEGREES AWARDED ANNUALLY TOP TEN LARGEST US METROS WITH 4.9M RESIDENTS 300 DAYS OF SUNSHINE EVERY YEAR GROWING COMPANIES CHOOSE PHOENIX

GROWING COMPANIES CHOOSE PHOENIX · 2021. 1. 2. · $723m gross domestic product 2019 7 $228b average office rent3 san francisco $66.6 ft2 phoenix $27 ft2 average industrial rent4

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Page 1: GROWING COMPANIES CHOOSE PHOENIX · 2021. 1. 2. · $723m gross domestic product 2019 7 $228b average office rent3 san francisco $66.6 ft2 phoenix $27 ft2 average industrial rent4

“ GREATER PHOENIX IS AN EMERGING TECH MARKET. THE REGION IS SOUGHT AFTER FOR ITS TALENT, COLLABORATIVE ENVIRONMENT, BUSINESS-FRIENDLY CULTURE AND QUALITY OF LIFE.” —CBRE

PAYPAL

LYFT

ON SEMICONDUCTOR

OSCAR

AMERICAN EXPRESS

ZOOM

DOORDASH

SAP

TOP COMPANIES HAVE THOUSANDS OF EMPLOYEES IN PHOENIX

6 FORTUNE 500 COMPANIESHQ IN ARIZONA

GAINED 1.6M RESIDENTS SINCE 2000 ONE OF THE FASTEST- GROWING METRO AREAS

2,700 SOFTWARE DEGREES AWARDED ANNUALLY

TOP TEN LARGEST US METROS WITH 4.9M RESIDENTS

300 DAYS OF SUNSHINE EVERY YEAR

GROWING COMPANIES CHOOSE PHOENIX

Page 2: GROWING COMPANIES CHOOSE PHOENIX · 2021. 1. 2. · $723m gross domestic product 2019 7 $228b average office rent3 san francisco $66.6 ft2 phoenix $27 ft2 average industrial rent4

:TALENT

POPULATION CONCENTRATION OF MILLENNIALS 6(2019)

15.2%

With world-class universities and a consistent cohort of tech degree graduates, Phonix stands out as a epicenter for tech

talent, making it an attractive city for growing companies.

PHOENIX IS THE 8TH LARGEST PRODUCER OF TECH DEGREE GRADUATES, MORE THAN 24K BETWEEN 2012 AND 201711

TECH TALENT LABOR POOL GROWTH 1(2014–2019)

TECH DEGREE GROWTH 1(2014–2018)

TECH DEGREE COMPLETIONS 1(2018)

HOME TO UNIVERSITY OF ARIZONA & ARIZONA STATE, RANKED #5 BEST QUALIFIED GRADUATES BY WSJ11

PHOENIX AMONG TOP CITIES CITED AS TECH TALENT HOT SPOT12

EDUCATION ATTAINMENT RATE 1 18.1% 2.2%

5K

28.9%

MILLENNIALGROWTHPER YEAR 1(SINCE 2013)

COLLEGE DEGREES AWARDED YEARLY14

REGIONAL COLLEGES AND UNIVERSITIES10

10.7%22K34

Phoenix has 5M residents, but affordability and quality of life score high—providing many advantages to expanding companies.

STARTUP INVESTMENT 20198

$723M

GROSS DOMESTIC PRODUCT 2019 7

$228B

AVERAGE OFFICE RENT 3

SAN FRANCISCO

$66.6 FT2

PHOENIX

$27 FT2

AVERAGE INDUSTRIAL RENT4

SAN FRANCISCO

$16.2 FT2

PHOENIX

$0.6 FT2

MEDIAN VALUE FOR TOP TIER HOME5

SAN FRANCISCO

$2.2MPHOENIX

$439K

MEDIAN HOUSE PRICE 5

SAN FRANCISCO

$1.4MPHOENIX

$269K

PHOENIX

SF$125.4K

AVERAGE TECH SALARY 1

$91.2K

PHOENIX

SF$72.1K

AVERAGE SUPPORT SALARY 1

$47.5K

PHOENIX

99.8SAN FRANCISCO

197.6

NATIONAL AVG.

100.0

COST OF LIVING INDEX C2ER 2020 2

94.6KTECH TALENT TOTAL 1

:COST

ONE OF THE FASTEST GROWING METRO AREAS—GAINING 1.6M PEOPLE SINCE 2000

FOURTH MOST LEASED SPACE BY TECH COMPANIES—AFTER SF, MANHATTAN AND SEATTLE

TOP TEN LARGEST US METROS WITH 4.9M RESIDENTS

Phoenix Stands Out as an Affordable City—CBRE

57,000 Workers in High-Tech Positions—Chamber Business News

Page 3: GROWING COMPANIES CHOOSE PHOENIX · 2021. 1. 2. · $723m gross domestic product 2019 7 $228b average office rent3 san francisco $66.6 ft2 phoenix $27 ft2 average industrial rent4

:CONNECTION

28 MINUTES

AVERAGE COMMUTE

$1,141 AVERAGE APT. RENT

NO DAYLIGHT

SAVING TIME

22SOVEREIGN

NATIVE AMERICAN

TRIBES

24CONCERT VENUES

85%SUNSHINE

STATE FARM

STADIUM

MLBDIAMOND-

BACKS

:QUALITY OF LIFEO

UT

DO

OR

S

SPO

RTSCU

LTU

RE

& M

OR

E

106˚AVG. HIGH

JULY

66˚AVG. HIGH

DEC.

200 PUBLIC PARKS 40K

ACRES

34TRAILS 315

MILES

200GOLF

COURSES

Basks in Sunshine—NCDC

17MUSEUMS

30FESTIVALS

NFLCARDINALS

NHLCOYOTES

NBASUNS

WNBAMERCURY 16

LIBRARIES

ALBUQUERQUE 50 minATLANTA 3 hrs 15 minAUSTIN 1 hr 50 minBALTIMORE 3 hrs 55 minBOISE 1 hr 40 minBOSTON 4 hrs 25 minBUFFALO 3 hrs 40 minCHARLOTTE 3 hrs 35 minCHICAGO 2 hrs 55 minCINCINNATI 3 hrsCLEVELAND 3 hrs 25 minCOLUMBUS 3 hrs 15 minDALLAS 2 hrsDENVER 1 hr 2 minDES MOINES 2 hrs 15 minDETROIT 3 hrs 20 minEL PASO 50 minEUGENE 2 hrs

FT LAUDERDALE 4 hrsFRANKFURT —FRESNO 1 hr 15 minHONOLULU 6 hrsHOUSTON 2 hrs 10 minINDIANAPOLIS 3 hrsKANSAS CITY 2 hrs 10 minLAS VEGAS 45 minLITTLE ROCK 2 hrs 20 minLONDON —LOS ANGELES 1 hrLOUISVILLE 3 hrsMEMPHIS 2 hrs 40 minMEXICO CITY —MIAMI 4 hrsMILWAUKEE 2 hrs 50 minMINNEAPOLIS 2 hrs 40 minNASHVILLE 2 hrs 50 min

NEW ORLEANS 2 hrs 40 minNEW YORK 4 hrs 25 minNEWARK 4 hrs 15 minOAKLAND 1 hr 30 minOMAHA 2 hrs 10 minORLANDO 3 hrs 50 minPHILADELPHIA 4 hrsPITTSBURGH 3 hrs 30 minPORTLAND 2 hrs 15 minRALEIGH/DURHAM 3 hrs 45 minSACRAMENTO 1 hr 30 minSALT LAKE CITY 1 hr 10 minSAN ANTONIO 1 hr 50 minSAN DIEGO 50 min

SAN FRANCISCO 1 hr 30 minSAN JOSE 1 hr 25 minSEATTLE 2 hrs 30 minST. LOUIS 2 hrs 30 minTAMPA 3 hrs 40 minTORONTO —TUCSON 25 minTULSA 2 hrsWASHINGTON 4 hrs

THE SUN SHINES ON PHOENIX DURING 85 PERCENT OF ITS DAYLIGHT HOURS

RANKED #1 LARGE AIRPORT IN THE US BY THE WALL STREET JOURNAL

OVER 70 DOMESTIC AND INTERNATIONAL DIRECT FLIGHTS FROM PHOENIX

NONSTOP DESTINATIONS9

See full list at nsflight.com

MORE DOMESTIC AND INTERNATIONAL FLIGHTS NOT SHOWN

+

Easy access to the West Coast and

Mexico make Phoenix a uniquely-positioned

city from which to base operations.

Page 4: GROWING COMPANIES CHOOSE PHOENIX · 2021. 1. 2. · $723m gross domestic product 2019 7 $228b average office rent3 san francisco $66.6 ft2 phoenix $27 ft2 average industrial rent4

:STRATEGIC SECTORS13

• Arizona is home to more than 1,200 small—and larg—scale aerospace and defense companies

AEROSPACE AND DEFENSE

• Industry leaders such as Intel, Microchip, Honeywell, Raytheon, JDA Software & Insight manufacture in AZ

INDUSTRY 4.0DATA PROCESSING AND HOSTING

AUTONOMOUS VEHICLES CYBERSECURITY

• Because of it’s reliable weather, Arizona hosts over 350 data centers

• Arizona has given permis-sion ot car companies to test their self driving cars in Phoenix for years now

• Some of the nation’s leading cyber intelligence centers are located in Greater Phoenix

oneamericaworks.org

1 2020 Scoring Tech Talent, cbre.us; 2 C2ER, coli.org; 3 Cushman and Wakefield Phoenix Office MarketBeat Report Q2 2020; 4 Cushman and Wakefield Phoenix Industrial MarketBeat Report Q2 2020; 5 Zillow.com; 6 Statisticalatlas.com; 7 Statista.com; 8 Crunchbase News, news.crunchbase.com; 9 nsflights.com; 10 myCollegeOptions, mycollegeoptions.org; 11 AZ Big Media, azbigmedia.com; 12 The Business Journals, bizjournals.com; 13 Phoenix Strategic Plan, phoenix.gov; 14 AZ Central, azcentral.com;

SOURCES

One America Works helps connect innovative companies with cities that can best support their growth. Tell us about your company at [email protected].

:GROWING COMPANIES CHOOSE PHOENIXPhoenix’s economy is built on a diverse mix of industries and strategic focus. Recent investment in the region includes:

$7B + 12K JOBS$7 billion investment and 12,000 employees

$12B$12B investment and thousands of employees

PHOENIX HQHQ in Phoenix, 135K ft2 space, over 1,000 employees

345.8K ft2

345,800 ft2, thousands of employees

HQ TO PHOENIXMoving HQ and 300 jobs to Phoenix

500 JOBS500 new employees at Phoenix location

40K ft2

40,000 ft2 and 275 employees

1K JOBS1,000 new employees at Phoenix location

100 JOBS100 new employees at Phoenix location

139K ft2

139,000 ft2 and 400 jobs

220 JOBS220 new employees at Phoenix location

300 JOBS300 new employees at Phoenix location

412K ft2 + $5M40 new full-time posi-tions, $5M, & 412K ft2

R&D CENTERTo hire hundreds of software engineers over 5 years

480 JOBSTo create 480 jobs over five years

PHOENIX RANKS 9TH IN NATION FOR BEST CITY TO START A BUSINESS14

EMERGING TECH IS LIGHTLY REGULATED

FIRST FULLY DRIVERLESS CARS IN THE US ARE TESTING IN PHOENIX