“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 “ . 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 walterunger@ccim.net. …. VIEW ALL OF WALTERS LISTINGS. Let me know if you are interested in Apartments: CLICK HERE FOR APARTMENTS FOR SALE
BUSINESS NEWS | 30 Apr | ERIC JAY TOLL
More financial services and financial technology workers were hired in the Valley than anywhere else in the U.S. in 2017. The U.S. Bureau of Labor Statistics says more than 127,000 Phoenix metro workers were hired by financial and insurance services. That’s more than Dallas, the leading metro for employment in the sector, and more than Wall Street.
In fact, Phoenix area hiring is on a pace by 2020 to claim more financial service workers in the Valley than on Wall Street.
“These are well-paying jobs,” said Christine Mackay, director of Phoenix Community and Economic Development. “The average wage for financial service and financial technology workers is over $61,000 annually.”
It’s the workforce drawing companies to Phoenix. Where the metro was once known for starter call center jobs, the experience and ecosystem evolved into a full financial services center that stretches across the entire Valley. Employment concentrations adjoin the Price Corridor in Chandler, Loops 101 and 202 in Tempe, north Phoenix, Downtown and Sky Harbor submarkets in Phoenix, and Loop 101 in north Scottsdale.
The role of financial and insurance services companies makes the sector a heavy technology industry. Charles Schwab, USAA and Northern Trust have all made tech divisions moves into the Valley for developer enterprise systems, mobile applications and technology innovation.
“Phoenix was our go-to market,” said Brian Parks, USAA executive vice president for technology and workforce strategy. “We have an amazing facility to attract top level talent in the Valley and from the nation and West Coast.”
USAA is hiring more than 1,000 financial technology workers at its Deer Valley regional headquarters. The addition brings the company’s Phoenix workforce to over 5,500, making it the 25th-largest employer in the Phoenix area.
Farmer’s Insurance is hiring nearly 500, Paychex is looking to add over 300 workers, and other major financial and insurance employers are adding staff in the area. One out of five financial service workers in the Valley commute to north Phoenix.
Deer Valley in north Phoenix is the largest concentration of financial services workers in Arizona. In a roughly three-mile radius surrounding the interchange of Interstate 17 and Loop 101, more than 23,000 hold financial services and financial technology jobs. There are more than 400 companies in this sector located in north Phoenix. Almost 19,000 of those workers are employed by the 14 largest companies, according to the Maricopa Association of Governments.
“Companies recognize that workforce quality and diversity is the primary reason for selecting a location. BBC News, Fortune magazine and other global news media have reported that Phoenix is a top city for financial service and financial technology companies,” said Phoenix Vice-Mayor Thelda Williams. “With one of the largest workforce concentrations in Arizona, the north Phoenix area connects employers with literally tens of thousands of job candidates within short commutes of office campuses in what’s becoming known as ‘Wall Street West.’”
Filling those roles comes from existing workforce in the metro area, but companies are also using the Phoenix quality of life and low housing cost as a draw. It seems to be working.
“Phoenix is a place that captures the fascination of our workforce. That’s one reason we’re excited about the expansion. The workforce is positive about expanding in Phoenix,” said David Travers, chief operations officer, Farmers Insurance Exchange, citing one of the reasons the company picked Phoenix for its new regional facility.
Last year, Maricopa County has added more population numbers than any other U.S. county for the second year in a row, according to U.S. Census estimates. The demographic data point to in-migration being highest in the prime 25 to 44-year-old age group.
“Phoenix is a smart city, and its appealing to talent in California, Washington and Oregon,” Parks said.
The emphasis has been noted globally. BBC News, in a story entitled “Goodbye New York, Hello Arizona,” projected that by 2020 Phoenix would pass Wall Street in the number of financial services workers. At that point, Phoenix would be second to Dallas, Texas, in the number of financial services workers. SEE IT ALL: https://azbigmedia.com/is-phoenix-becoming-wall-street-west/
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 walterunger@ccim.net. …. VIEW ALL OF WALTERS LISTINGS. Let me know if you are interested in Apartments: CLICK HERE FOR APARTMENTS FOR SALE
KASTEN LONG Commercial Group and AMA Events, Resources & Education For Apartment Owners
GREATER PHOENIX APARTMENT OWNER’S NEWSLETTER 1st QTR 2018 / KASTEN LONG COMMERCIAL GROUP.
Timeline of Arizona from 900 BC – 2017
WHY PHOENIX? AMAZING!!! POPULATION IN 1950 – 350 K PEOPLE; “NOW 5 MIL”. – “5TH. BIGGEST CITY IN USA”
FROM ME:
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 walterunger@ccim.net
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 walterunger@ccim.net
Timeline of Arizona from 900 BC – 2017
WHY PHOENIX? AMAZING!!! POPULATION IN 1950 – 350 K PEOPLE; “NOW 5 MIL”. – “5TH. BIGGEST CITY IN USA”
GREATER PHOENIX APARTMENT OWNER’S NEWSLETTER 1st QTR 2018 / KASTEN LONG COMMERCIAL GROUP.
DOT – LOOP 202 / SOUTH MOUNTAIN FREEWAY / PHOENIX AZ – UNDER CONSTRUCTION
ARIZONA FACTS – YEAR 1848 TO 2013
- 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%).
PHOENIX PROJECTED AS NUMBER ONE US HOUSING MARKET FOR 2017
LIST OF ECONOMIC DEVELOPMENT PROJECTS IN PINAL COUNTY, REVISED 2-14-17
Reasons to Consider me for Commercial Referrals – I have the Knowledge and Experience
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Walter Unger CCIM – walterunger@ccim.net – 1-520-975-5207 – http://walter-unger.com
2016 Official Arizona Visitors Guide
Timeline of Phoenix, Arizona history
Facts of Arizona – year 1848 to 2013
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.
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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 walterunger@ccim.net 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
Direct: 520-975-5207
Fax: 602-865-7461
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