“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 “ AND “The major fortunes in America have been made in land.”- John D. Rockefeller. ARE YOU READY TO SELL OR PURCHASE YOUR LAND OR COMMERCIAL BUILDING IN PHOENIX, SCOTTSDALE, MARICOPA COUNTY AND PINAL COUNTY, ARIZONA, CLICK HERE AND PLEASE CALL ME. 520-975-5207 or email me firstname.lastname@example.org. …. VIEW ALL OF WALTERS LISTINGS. Let me know if you are interested in Apartments: CLICK HERE FOR APARTMENTS FOR SALE
Arizona’s job growth is expected to outpace the nation over the next several years, and most of the gains will occur in metropolitan Phoenix, a report released Thursday forecasts.
The state’s population also is expected to grow by 1 million residents over the same time period.
Arizona will add nearly 543,000 net new jobs through 2026, based on a 10-year estimate from the state Office of Economic Opportunity that includes this year and last.
The 1.7 percent annual growth rate for the state is higher than the projected 0.7 percent average annual job additions for the United States through 2026.
Arizona’s population, estimated at 7.1 million this year, is projected to increase to 8.1 million by 2026, with metropolitan Phoenix rising from around 4.8 million to 5.5 million by 2026.
However, Arizona’s job gains aren’t likely to match the higher growth experienced by the state during the 1990s.
Other key findings from the report:
- Maricopa County, especially in suburban areas, could see the fastest growth, with employment increases estimated at 2.1 percent annually.
- That number excludes Phoenix, which is expected to increase jobs at a 1.5 percent clip.
- Yavapai County also is projected to grow employment by 2.1 percent annually, matching the fastest pace within the state.
- All of Maricopa County, including Phoenix, will increase jobs at a 1.8 percent annual pace, according to the projection.
- Maricopa County could account for 75 percent of all Arizona job gains through 2026, with the rest of the state accounting for the remaining 25 percent.
Growth up from past decade
The projection, made with help from the U.S. Department of Labor,is “heavily driven by historical data and patterns,” said Doug Walls, research administrator for the Office of Economic Opportunity.
The projection “assumes long-term employment patterns will continue in most industries,” he added
The state’s projected growth pace would represent a big improvement from actual growth for the decade ended in 2016, which was marked by one of the steepest recessions ever. That decade averaged just 0.2 percent annually.
The job estimates include those for self-employed workers and agricultural laborers.
Job gains by sector
Health care and education, two already large sectors, are expected to create the highest number of new jobs by 2026 in Arizona. Construction, still recovering from the housing slump of the past decade, is projected to grow at the fastest clip among major sectors, at 3 percent.
Fast-growing health jobs could include home health aides, nurse practitioners, physician assistants and physical therapy aides.
The projection didn’t break out job totals by expected wages, but several sectors are showing gains in both areas. For example, 56 of 71 health care occupations in Arizona pay above the overall state median wage of $17.45 an hour.
“We’re seeing fast growth and above-average wages in health care,” Walls said.
Government and natural resources, including mining, could see some of the smallest job gains through 2026, the report said.
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READ MORE ON THE ARIZONA ECONOMY:
- Record tourist visits generated $22.7 billion for Arizona last year
- Spring training baseball adds big money to Arizona’s economy, study estimates
- See where taxpayers are on the hook for the most debt in Arizona
Want more news like this? Click here to subscribe to azcentral.com.
ARE YOU READY TO SELL OR PURCHASE YOUR LAND OR COMMERCIAL BUILDING IN PHOENIX, SCOTTSDALE, MARICOPA COUNTY AND PINAL COUNTY, ARIZONA, CLICK HERE AND PLEASE CALL ME. 520-975-5207 or email me firstname.lastname@example.org. …. VIEW ALL OF WALTERS LISTINGS. Let me know if you are interested in Apartments: CLICK HERE FOR APARTMENTS FOR SALE
Phoenix Commercial Real Estate and Investment Real Estate: Investors and Owner / Users need to really know the market today before making a move in owner user Commercial Properties, Investment Properties and land in Phoenix / Maricopa County, Pinal County / Arizona, as the market has a lot of moving parts today. 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 Commercial Properties and Investment Properties. I am marketing my listings on Costar, Loop-net CCIM, Kasten Long Commercial Group. 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 internationalClick here to find out what is a CCIM: https://en.wikipedia.org/wiki/CCIM
PLEASE CALL ME 520-975-5207 OR E-MAIL ME email@example.com
ARE YOU READY TO SELL OR PURCHASE YOUR LAND OR COMMERCIAL BUILDING IN PHOENIX, SCOTTSDALE, MARICOPA COUNTY AND PINAL COUNTY, ARIZONA, CLICK HERE AND PLEASE CALL ME. 520-975-5207 or email me firstname.lastname@example.org
- DEMOGRAPHIC FACTS ABOUT MARICOPA COUNTY:
- The average age of the population is 34 years old.
- The health cost index score in this area is 102.1. (100 = national average)
- Here are some of the distributions of commute times for the area: <15 min (22.7%), 15-29 min (36.8%), 30-44 min (25.1%), 45-59 min (8.6%), >60 min (6.8%).
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.
Kasten Long Commercial Group tracks all advertised apartment communities, including those advertised by other brokerages. The interactive map shows the location of each community (10+ units) and each location is color coded by the size (number of total units).
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 email@example.com or call me on my cell 520-975-5207
Walter Unger CCIM
Senior Associate Broker
Kasten Long Commercial Group
5110 N 40th Street, Suite 110
Phoenix , AZ 85018
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