Metro Phoenix continues to attract industries like manufacturing, software/technology, and banking/finance/insurance which contributed to the 9,155 jobs added to the metro in the first half of 2018, according to a recent MarketFlash report by CBRE Phoenix’s research team. CBRE Research tracked 39 public company expansion and relocation announcements throughout the first half of the year. These job estimates are typically based on one- to three-year projections and are not reflected in current employment numbers. 

While Phoenix, Scottsdale and Tempe accounted for more than half of all job announcements, the two largest announcements so far this year included Deloitte’s expansion into Gilbert with 2,500 jobs and Nikola Motor bringing 2,000 jobs to the outskirts of Buckeye. Both areas feature prominent growth, access to talent, relatively lower real estate/land costs, and land to build. 

“The continued momentum in business attraction and expansion activity so far this year highlights the positive business sentiment in the metro and its overall attractiveness,” said Jessica Morin, Senior Research Analyst with CBRE Phoenix. “While this has been a long and steady expansion, there is no immediate end in sight and we remain optimistic about Phoenix.” 

Other significant job announcements included Paychex, Inc. bringing 380 jobs to Phoenix, Dexcom hiring 300 in Mesa, Quicken Loans expanding in Phoenix with 300 jobs and Bank of the West bringing 250 jobs to Tempe. 

A link the MarketFlash report can be found here.