Local Market Leadership
DTZ has a strong legacy of commercial real estate market leadership in Arizona. In 2014, the office completed 964 transactions with an overall transaction value of $1.6 billion. Based in Phoenix, the firm delivers tailored solutions in most major Arizona markets to help clients undertake any real estate challenge and achieve optimum, measurable outcomes. DTZ professionals provide their clients with unparalleled market knowledge backed by the industry’s finest research, marketing, mapping and support services. Committed to our community, we continue to give back through our work with industry and charitable organizations.
The Arizona office of DTZ is a full service commercial real estate firm serving metropolitan Phoenix and secondary Arizona cities. The company offers brokerage investment and advisory services in Capital Markets, Landlord and Tenant Representation, Project & Development Management, Corporate Services and Property Management for asset classes including Office, Industrial, Retail, Multi-Family and Land. With every assignment, we focus on our clients’ real estate needs so they can focus on their business.
Doing Business in Arizona
Arizona is one of the fastest growing states in the country, populated by a vibrant workforce (median age of 36.2 years old) attracted to quality jobs and quality of life. The state's population of 6.5 million people, with 4.3 million people living within metropolitan Phoenix, is expected to nearly double in the next two decades. The real estate market in the greater Phoenix area is diverse, with nearly 97 million SF of office space – with 17.5 million SF in the central business district alone – along with over 292 million SF of industrial space and 152 million SF of retail space among all submarkets.
CNBC ranks Arizona among the top five friendliest states for business and #1 for quality and availability of workforce. Arizona’s economic base has steadily diversified from its roots in the five C’s: copper, cattle, citrus, climate and cotton. Today, it is home to a growing high-tech industry, medical research, manufacturing, renewable, alternative and solar energy manufacturing, agriculture and more than 15 institutions of higher learning, including Arizona State University, University of Arizona, Northern Arizona University and the Thunderbird School of Global Management. The Milken Institute placed Arizona in the top ten of technology-focused state economies.