Market Trends
Office Reports
Q3 2023 Phoenix Office Marketbeat
In Q3 2023, the Phoenix market recorded an employment level of 2.4 million jobs and the unemployment rate decreased from 3.6% in Q3 2022 to 3.3% in Q3 2023. The metro area continues to have tremendous growth, as the number of households increased by 2.1% year-over-year (YOY) to 1.9 million. Wage growth continues to bring job seekers back into the labor market, as the median household income reached $81,300 in Q3 2023, an increase of 4.0% YOY.
Q2 2023 Phoenix Office Marketbeat
In Q2 2023, the Phoenix market recorded an employment level of 2.4 million jobs and the unemployment rate decreased slightly from 3.2% in Q2 2022 to 3.0% in Q2 2023. The metro area continues to have tremendous growth, as the number of households increased by 2.0% year-over-year (YOY) to 1.9 million.
Q1 2023 Phoenix Office Marketbeat
In Q1 of 2023, the Phoenix market recorded an employment level of 2.4 million jobs and the unemployment rate increased slightly from 3.0% in Q1 2022 to 3.4% in Q1 2023. The metro area continues to have tremendous growth, as the number of households increased by 1.7% year-over-year (YOY) to 1.9 million.
Q4 2022 Phoenix Office Marketbeat
In Q4 2022, the Phoenix market recorded an employment level of 2.3 million jobs and the unemployment rate decreased slightly from 3.5% in Q4 2021 to 3.3% in Q4 2022. The metro area continues to have tremendous growth, as the number of households increased by 2.3% year-over-year (YOY) to 1.9 million.
Q3 2022 Phoenix Office MarketbeaT
In Q3 2022, the Phoenix market recorded an employment level of 2.3 million jobs and the unemployment rate decreased from 4.1% in Q3 2021 to 2.8% in Q3 2022. The metro area continues to have tremendous growth, as the number of households increased by 2.4% year-over-year (YOY) to 1.9 million.
Q2 2022 Phoenix Office MarketbeaT
In Q2 2022, the Phoenix market recorded an employment level of 2.3 million jobs and the unemployment rate decreased from 5.0% in Q2 2021 to 2.7% in Q2 2022. The metro area continues to have tremendous growth, as the number of households increased by 2.6% year-over-year (YOY) to 1.9 million.
Industrial Reports
Q3 2023 Phoenix Industrial MarketbeaT
In Q3 2023, the Phoenix market recorded an employment level of 2.4 million jobs and the unemployment rate decreased from 3.6% in Q3 2022 to 3.3% in Q3 2023. The metro area continues to have tremendous growth, as the number of households increased by 2.1% year-over-year (YOY) to 1.9 million. Wage growth continues to bring job seekers back into the labor market, as the median household income reached $81,300 in Q3 2023, an increase of 4.0% YOY.
Q2 2023 Phoenix Industrial MarketbeaT
In Q2 2023, the Phoenix market recorded an employment level of 2.4 million jobs and the unemployment rate decreased slightly from 3.2% in Q2 2022 to 3.0% in Q2 2023. The metro area continues to have tremendous growth, as the number of households increased by 2.0% year-over-year (YOY) to 1.9 million.
Q1 2023 Phoenix Industrial MarketbeaT
In Q1 2023, the Phoenix market recorded an employment level of 2.4 million jobs and the unemployment rate increased slightly from 3.0% in Q1 2022 to 3.4% in Q1 2023. The metro area continues to have tremendous growth, as the number of households increased by 1.7% year-over-year (YOY) to 1.9 million.
Q4 2022 Phoenix Industrial MarketbeaT
In Q4 2022, the Phoenix market recorded an employment level of 2.3 million jobs and the unemployment rate decreased slightly from 3.5% in Q4 2021 to 3.3% in Q4 2022. The metro area continues to have tremendous growth, as the number of households increased by 2.3% year-over-year (YOY) to 1.9 million.
Q3 2022 Phoenix Industrial MarketbeaT
In Q3 2022, the Phoenix market recorded an employment level of 2.3 million jobs and the unemployment rate decreased from 4.1% in Q3 2021 to 2.8% in Q3 2022. The metro area continues to have tremendous growth, as the number of households increased by 2.6% year-over-year (YOY) to 1.9 million.
Q2 2022 Phoenix Industrial MarketbeaT
In Q2 2022, the Phoenix market recorded an employment level of 2.3 million jobs The unemployment rate decreased from 6.2% in Q2 2021 to 2.7% in Q2 2022. The Phoenix metro area continues to grow, as the number of households increased by 2.6% year-over-year (YOY) to 1.9 million.