Phoenix and the surrounding metropolitan statistical areas of Mesa, Chandler, Scottsdale and Glendale continue to post some of the strongest job-growth and household-formation numbers in the country.

Family-office capital has been increasingly active in industrial, build-to-rent and master-planned residential land positions across the Valley.

The Warehouse District in downtown Phoenix is drawing creative-office and adaptive-reuse plays as venture-backed employers consolidate footprints.

Casa Grande and Goodyear are emerging as high-conviction industrial submarkets given proximity to the I-10 corridor and major tenant expansions.