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Local CRE Trends

Phoenix, Arizona is the fifth largest city in the United States by population and the most populous state capital. It is the center of one of the fastest growing job markets and economies in the U.S. – in the last five years, more than $4 billion was invested in office space, retail, restaurants, educational facilities, and hospitality space, according to the City of Phoenix Community and Economic Development Department. Its prime location, just a few hours from major markets in California and Mexico, makes it an ideal place for entrepreneurs to establish a new business.

Downtown Phoenix has the highest concentration of employment in Arizona and is experiencing dramatic growth due to a number of large-scale projects such as the Phoenix Convention Center expansion, Valley Metro Light Rail and the Phoenix Biomedical Campus. The Phoenix Biomedical Campus hosts the highest concentration of research scientists and professionals in the region. The Phoenix Biomedical Campus offers a unique opportunity for bio-industry companies to connect, collaborate and partner with leading organizations in the industry, including nationally recognized biomedical education programs, according to the City of Phoenix Community and Economic Development Department.

The Greater Phoenix commercial real estate market has been on an upswing for the past several years, according to real estate services firm Colliers International. The market outlook predicts continued improvement as Phoenix attracts relocations and expansions. Recently, the Phoenix metro area tied as the ninth-fastest growing economy among the Top 25 metros, according to the U.S. Bureau of Economy Analysis.

About Commonwealth Land Title

The Grand Canyon State is headquarters to Commonwealth Land Title, one of Fidelity National Financial’s most dynamic title brands and real estate teams. Commonwealth Land Title serves the local commercial real estate industry of Phoenix. Our highly experienced title team manages and closes commercial real estate transactions for properties throughout Phoenix and the state of Arizona.

Closely partnered with each customer, our Phoenix team of professionals work in all facets of the industry, using a consultative, proactive approach to overcome potential obstacles and keep our clients informed at each stage of their transaction.

Commonwealth Land Title's superior financial strength and advanced technical capabilities support the most skilled staff in the business. Our electronically linked framework offers the most extensive title and escrow service and expertise available. It is your assurance of consistent quality, resourcefulness and professionalism.

Commonwealth Land Title is a member of the Fidelity National Financial, Inc. (NYSE: FNF) family of companies, which is a leading provider of title insurance, mortgage services, specialty insurance and information services in the real estate community. For more than 160 years, we have established a reputation in the real estate industry for superior service, industry expertise, and unmatched financial strength.

About Fidelity National Financial

Fidelity National Financial, Inc. (FNF) is currently ranked #375 on the 2020 FORTUNE 500®*, and is among numerous defense, energy, media, hospitality and financial FORTUNE 500®* companies based in the region. Our Phoenix-based team of CRE professionals works in all facets of the industry, including power and energy projects, office buildings, industrial parks, multifamily housing, retail properties, government contracts, corporate transactions and more.

Discover what’s new and interesting in our backyard in the latest real estate news, provided courtesy of the FNF Newsdesk.

*FORTUNE®” and “FORTUNE 500®” are registered trademarks of Time Inc. Time Inc. is not affiliated with, and does not endorse products or services of, Fidelity National Financial, its subsidiaries, or affiliates.

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