Marcus & Millichap

Phoenix Self-Storage Investment Forecast

2019 Outlook

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Stout Net Migration Supports Flood of New Space

The employee base in Phoenix expanded by 4.4 percent, or nearly 90,000 positions, in 2018, ranking the metro as the nation’s top market for annual employment growth. Job creation was diverse, as the professional service, construction and education and health industries each added at least 10,000 workers. Widespread hiring velocity persists in 2019, as employers grow staffs by an additional 80,800 individuals.

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