Key Takeaways from CBRE’s Latest Report:
- Phoenix ranked No. 4 nationally for corporate HQ gains between 2018–2024.
- 31 new HQs relocated to Phoenix in that period—matching Houston.
- Top cities for HQ gains: Dallas (100), Austin (81), Nashville (35), Phoenix (31).
- Major HQ relocations to the Valley include Cognite (from Oslo), Owl Vans, and Rehrig Pacific Co. (from California).
- Companies expanding locally: Avnet, Sprouts, Axon, Fender, Republic Services, and Discount Tire.
- Global trend: 25 of 96 HQ moves in 2024 were international—signaling confidence in the U.S. business environment.
Why This Matters to Arizona Property Investors:
- More HQs = More Jobs: Sustained demand for rental housing, especially in desirable job hubs like Tempe, Scottsdale, and Chandler.
- Urban growth engine: Phoenix’s growth is fueled by its competitive business ecosystem—tax incentives, infrastructure, and talent development.
- Commercial real estate strength: HQ expansions lead to rising office occupancy and support services, boosting local economies.
- Higher-income renters inbound: Expect demand for Class A rentals, especially near tech and corporate clusters.