You miss 100 percent of the shots you never take, and if you think it’s expensive to hire a professional to do the job, wait until you hire an amateur. FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. PLEASE LET ME KNOW HOW I CAN HELP YOU. Call me if you want to sell your property and need an estimated value. Phone / Prefer cell: 520-975-5207
Office: 480-948-5554 or email me walterunger@ccim.net. – What is a CCIM. –
In Business and in Life you don’t get what you deserve, you get what you Negotiate.
LOOKING FOR SELLERS AND BUYERS Land – Industrial – Retail – Office- Multifamily
contact me if you want the me to get you the value of your property.
CLICK HERE TO VIEW ALL MY LISTINGS.
AZBIGMEDIA March 8, 2021
Arizona currently has the highest population growth rate in the United States and has the third-highest population growth since 2010, according to 2020 census data. Arizona is also currently ranked 4th in the U.S. for GDP growth per year. Further, when measuring chained GDP (GDP growth measured over multiple years and adjusted for inflation) over the past 50 years, Arizona has the second-highest percent growth within the United States, trailing closely behind its neighboring state Nevada. So what does that mean for Arizona’s economic prospects?
READ ALSO: Here’s how GPEC helped Valley become a magnet for innovation
READ ALSO: Arizona mining industry steps up to meet skyrocketing demand for copper
As Arizona forges ahead at the forefront of technological development, medical advancement, aerospace, research, and mining and minerals, experts ponder if the state is emerging as a national economic powerhouse or if Arizona’s economic prospects and growth will be short-lived.
Arizona’s economic prospects
Arizona’s economic origins are most commonly organized into the five C’s: Copper, Cotton, Cattle, Citrus, and Climate.
The production of copper, an essential mineral for growth sectors such as construction, manufacturing, and tech, makes up over 6 of the 14 billion dollars produced by Arizona’s mining industry.
The United States is the fourth largest copper producer in the world and Arizona is responsible for over two-thirds of American production. During the Second World War, Arizona’s mining industry was called upon in order to facilitate the manufacturing of weapons and defenses integral to victory in the war.
This precipitated a momentous shift in Arizona manufacturing. After 1950, the manufacturing and service industry surpassed the economic output of the mining industry in the state, taking Arizona in a new direction by connecting the state’s economy to the service industry.
Recent shifts
Harvard professor Michael Porter has asserted that in order to predict and determine economic growth as well as an increase in the standard of living, one must examine the change and continuity of economic clusters throughout the history of a state.
Economic clusters, defined as a dense network of companies and institutions in a certain geographic sphere, succeed, according to Porter, when the private and public sectors invest in them and establish policies and partnerships that are conducive to their growth. This leads to job creation and expanded economic output.
Comparing the most prominent economic clusters from the 1950s to Arizona’s present helps to illustrate how Arizona has become one of the fastest-growing and most competitive states.
The clusters of innovation concept represent a new way of thinking about the economy and have begun to take hold as communities across the nation look at the successes of California’s Silicon Valley and Massachusetts Route 128. What Arizona has done so far is managing to develop new economic clusters while sustaining traditional economic clusters like mining and manufacturing.
Arizona’s Most Important Clusters
The most heavily traded clusters in Arizona include aerospace and defense, business services, metal mining, medical devices, and communication services.
The aerospace and defense cluster offers the state a competitive edge in the manufacturing of aircraft and research and development. Employing 52,000 people directly with an average salary of more than double the median salary in Arizona, the aerospace and defense industry has proven to be an extremely important economic cluster for Arizona. Leading international companies like Northrop Grumman, Honeywell, and Boeing’s investment in the state also contribute to other industries that support manufacturing. However, such an economic cluster requires an extremely innovative workforce.
An Innovative Workforce and Research and Development
Universities in Arizona are also a major part of the equation that can help one to understand Arizona’s fast-growing economy.
“Research universities act as magnets for businesses that seek the talent they produce and benefits derived from the innovations and creative activity underway,” says Dennis Hoffman, ASU economics professor and associate dean for research at the W. P. Carey School of Business. Besides employing more than 50,000 people directly and indirectly and providing more than $2 billion in wages annually, ASU serves as a huge hub for research and development.
Hoffman also explained in an interview that “University R&D acts as a catalyst for private activity. Trace the paths of the most successful entrepreneurial ventures and you are likely to find that research university connectivity played an important role.”
The University of Arizona, Northern Arizona University, and Grand Canyon University have also emphasized the role of academia in fueling research and development.
The University of Arizona is ranked among the top 20 U.S. public universities for research expenditures, and their Office for Research, Innovation, and Impact emphasizes topics ranging from augmented reality to “the fusion of the digital, physical and biological worlds”.
This story was originally published at Chamber Business News.
SEE IT ALL: https://azbigmedia.com/business/heres-a-look-at-arizonas-rising-economic-prospects/
FROM ME: Now is the time, if you are thinking of selling or purchasing your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County, Pinal County, Arizona / Office / Retail / Industrial / Multi-family / please call me on my cell 520-975-5207 or e-mail me walterunger@ccim.net. Investors and Owner / Users need to really know the market today before making a move. The market has a lot of moving parts. What is going on socio-economically, what is going on demographically, what is going on with location, with competing businesses, with public policy in general — all of these things affect the quality of selling or purchasing your Commercial Properties, Commercial Investment Properties and Commercial and large tracts of Residential Land Therefore, you need a broker, a CCIM (Certified Commercial Investment Member) who is a recognized expert in the commercial and investment real estate industry and who understands your needs. I am marketing my listings on Costar, Loop-net, CCIM, CREXi, Catylist, and various other web sites. I also sold hundreds millions of dollars’ worth of Investment Properties / Owner User Properties in Retail, Office Industrial, Multi-family and Land in Arizona and therefore I am working with brokers, Investors and Developers. I am also a CCIM and through this origination ( www.ccim.com ) I have access to marketing not only in the United States, but also international. Are you ready to sell or purchase your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County and Pinal County, Arizona, please call me?
In Business and in Life you don’t get what you deserve, you get what you Negotiate.
LOOKING FOR SELLERS AND BUYERS Land – Industrial – Retail – Office – Multifamily
contact me if you want the me to get you the value of your property.
CCIM DEAL MAKERS FALL 2020 THE BIGGEST DEAL WALTER UNGER, CCIM, WITH WEST USA COMMERCIAL DIVISION IN PHOENIX REPRESENTED GCG HOLDINGS LLC IN ITS $29.43 MILLION SALE OF GOLD CANYON GOLF RESORT AND SPA IN GOLD CANYON, ARIZ., TO GOLD CANYON MJ LLC.
CCIM DEAL MAKERS FALL 2020 THE BIGGEST DEAL / WALTER UNGER, CCIM, WITH WEST USA COMMERCIAL DIVISION IN PHOENIX REPRESENTED GCG HOLDINGS LLC IN ITS $29.43 MILLION SALE OF GOLD CANYON GOLF RESORT TO GOLD CANYON MJ LLC.
Click here to find out what is a CCIM:
CLICK HERE TO VIEW ALL MY LISTINGS.
http://walter-unger.com/gold-canyon-resort-sells-for-29-4m/
Walter Unger CCIM
Associate Broker
West USA Commercial Division
7077 E MARILYN RD.
Suite 200, Building 4.
Scottsdale AZ, 85254
Phone: 480-948-5554
Cell: 520-975-5207
History of Arizona from 900 BC – 2017 -Timeline.
History of Arizona from 900 BC – 2017 -Timeline.
History of Arizona from 900 BC – 2017 -Timeline.
WHY PHOENIX? AMAZING!!! POPULATION IN 1950 – 350 K PEOPLE; “NOW 5 MIL”. – “5TH. BIGGEST CITY IN USA”
- DEMOGRAPHIC FACTS ABOUT MARICOPA COUNTY:
Walter Unger CCIM – walterunger@ccim.net – 1-520-975-5207 – http://walter-unger.com
Timeline of Phoenix, Arizona history
Facts of Arizona – year 1848 to 2013
CLICK HERE: Arizona Opportunity Zones As We Understand /maps. Interested!!! Please contact me.
Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Properties in Phoenix, Tucson, Arizona.
Walter Unger CCIM
Associate Broker
West USA Commercial Division
7077 E MARILYN RD.
Suite 200, Building 4.
Scottsdale AZ, 85254
Phone: 480-948-5554
Cell: 520-975-5207
FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. PLEASE LET ME KNOW HOW I CAN HELP YOU PLEASE CALL ME
CLICK HERE TO VIEW ALL MY LISTINGS.
https://www.crexi.com/properties?searchBrokerId=17513
Also Call me if you need an estimated value of your Property.
Call me if you want to see a map with what is in the Construction Pipeline for Apartments.
Prefer cell: 520-975-5207, or email me walterunger@ccim.net. CLICK HERE TO VIEW ALL MY LISTINGS.
Check out my professional profile and connect with me on LinkedIn.
Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial / Investment Real Estate Broker in Arizona now for 20 years. If you have any questions about Commercial / Investment Properties in Phoenix or Commercial / Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion with you. I am also in this to make money therefore it will be a win-win situation for all of us.
Please reply by e-mail walterunger@ccim.net or call me on my cell 520-975-5207
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