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Development & Business Research

With its constant sunshine, sports complexes and endless dining options, it’s no wonder Downtown Phoenix business is booming. New and established companies alike flock here to truly be at the center of it all. With more than $5.7 billion newly invested in office space, retail, restaurants, educational facilities, convention space and hotel rooms — this is a new era of growth in our urban center.

Today’s Downtown Phoenix is a center for employment, education, professional sports, living, arts and culture. The dramatic changes over the past five years provided a surge in momentum and even more development. In addition to large-scale projects such as the Phoenix Convention Center expansion, Valley Metro Light Rail and the Phoenix Biomedical Campus serving as major activity centers, there is a real grassroots effort by residents and employees to create a true downtown community.

This change is being driven by neighborhood residents, chefs and restaurateurs, researchers from the Biomedical Campus, students from Arizona State University, Northern Arizona University and the University of Arizona Medical School, and the thousands of people who live, work and play downtown. Home to numerous major employers, Downtown Phoenix boasts the highest concentration of employment in the state. Come see why so many businesses choose to call downtown home.

Downtown Phoenix Data Reports