Phoenix Population and the Future
A report from “The Arizona Republic” says the following “It has taken Arizona almost 100 years of statehood to pull in 6 million people. The next 6 million will be here in less than half that time.” Will it take 15 years…20 years…or more? Nobody’s sure but one thing we all know is the people are coming.
For Real Estate agents and the retail industry that’s good news but for the community and state government that could be bad news. Are the communities ready for this growth? The article went on to say, “A million or more of these new residents will live in a triangular 275-square-mile area that touches Mesa’s southeastern border“. That means up to 5 million will be moving to areas west of Mesa and right into my main market.
They specifically talked about Pina County regarding jobs “The region can’t afford to let Pinal County continue developing with a huge imbalance between residents and jobs, Tevlin told The Republic.” I would say all the out-laying areas are in the same boat when it comes to jobs. The goods news is I’ve noticed an increase in companies that want to locate in the near-in suburban areas.
Bottom line is Phoenix is growing, people are flocking to the Valley of the Sun and we will all benefit from this. It’s no longer mainly retirees that are making this move, it’s young people and companies. For more information on the changes in the market please visit my website at www.ValleyREadvisor.com.
