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Phoenix Commercial Real Estate

Area Information

 Population 2006 2007 2008 2009
Population (000s) 4,092.6 4,235.2 4,330.2 4,426,3
Change (000s) 197.3 142.6 95.0 96.1
% Change 5.1 3.5 2.2 2.2

Source: Economic and Business Research Center, Eller College of Management, The University of Arizona, May 2008

Migration Flows

Into Metropolitan Phoenix

Into Metropolitan Phoenix
Click here to view larger image
Total In-Migration: 194,025

From Metropolitan Phoenix

From Metropolitan Phoenix
Click here to view larger image
Total Out-Migration: 120,923

Sources: IRS, 2006; Census Bureau, 2007

Employment May 2007 May 2008
Metro Phoenix 3.0% 3.8%
State of Arizona 3.6% 4.4%
United States 4.5% 5.5%

Source: Arizona Department of Economic Security

Job Growth 2006 2007 2008 2009
Nonfarm Employment (000s) 1,892.7 1,916.1 1,893.3 1,875.6
# Jobs (000s) 23.4 (22.8) (17.7)
% Change 5.9 1.7 (1.2) (0.9)

Source: Economic and Business Research Center, Eller College of Management, The University of Arizona, May 2008

Top 10 Employers
Wal-Mart Banner Health System Arizona State University Wells Fargo Fry's Food and Drug Stores
28,800 Employees
16,400 Employees
12,083 Employees
11,800 Employees
11,780 Employees
Honeywell Intel Corporation Bashas' Inc. US Airways Safeway Inc.
10,700 Employees 10,100 Employees 9,902 Employees 9,625 Employees 9,286 Employees

Source: The Phoenix Business Journal Book of Lists

All marks displayed on this document are the property of their respective owners.

Phoenix Office Photo

Camelback Esplanade
www.cbre.com/phoenix
Site map

2415 E. Camelback Rd.
Phoenix, AZ  85016
Driving Directions

T 602.735.5555
F 602.735.5655

Craig S. Henig
Senior Managing Director

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© 2009 CB Richard Ellis | Last Modified:Friday, November 20, 2009
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