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Downtown Phoenix City of Phoenix Employment Center Profile Downtown Phoenix Downtown Phoenix – Labor Force Accessibility and Skills a diverse mix of Downtown Phoenix boasts a large, diversified pool of nearly 570,000 workers within a 30 minute commute. Approximately 64 percent of the population in the commute area is in the business, law, education, prime workforce ages of 18 to 64 years.1 By 2020, the population is expected to increase by government and financial 170,000 people, with an additional 120,000 residents by 2030, to support the needs of employers in the downtown area.2 services, with urban living In addition to its size, the labor force within a 20 to 30 minute commute represents a broad skill options and mix, including managerial and professional talent.3 Within a 10 minute commute, businesses have access to large concentrations of service and administrative support workers. entertainment venues. 1, 2, 3 American Community Survey, 2011; Applied Economics, 2012. This employment center Employment by Occupation extends from Lincoln Street 10 Min. Commute 20 Min. Commute 30 Min. Commute Work Force Number % Number % Number % north to McDowell Road Management 1,524 10 17,955 10 67,027 12 between Seventh Street and Engineering & Science 756 5 7,315 4 27,214 5 Seventh Avenue and represents Healthcare & Education 2,558 17 21,164 12 74,996 13 Service 2,906 20 38,617 22 114,022 20 a vibrant urban core. Sales 1,166 8 16,077 9 61,951 11 Clerical & Admin. Support 2,136 14 24,172 14 83,839 15 Construction 1,815 12 27,555 16 73,487 13 Production 1,225 8 10,870 6 30,040 5 Trans./Material Mover 655 4 11,399 7 35,295 6 Total 14,741 175,124 567,871 Source: American Community Survey, 2011; Applied Economics, 2012. Commute Shed # Commute Shed Projected Population Travel Time 30 Minute Commute Shed 0-10 minutes 10-20 minutes • Thriving urban epicenter 20-30 minutes of the Phoenix metropolitan area • Hub of activity for profession- al sports, arts, entertainment, dining and shopping amenities • Home to the expanding ASU Downtown Campus and the Phoenix Biomedical Campus Population Population 2000 1,172,991 2020 1,417,066 • Large urban housing market 2010 1,250,816 2030 1,538,652 with stylish loft condominiums, historic neighborhoods and Source: Applied Economics, 2012. luxury rentals • Advanced telecommunica- tions infrastructure Equal Opportunity Employer/Program. Auxiliary Aids and services are available upon request to individuals with disabilities. Products and services made available through Federal Funding provided by the Workforce Investment Act. Connectivity Development Activity The Downtown Phoenix employment center features modern, reliable There are close to 9.4 million square feet of office space in the telecommunications infrastructure that is supported by multiple Downtown Phoenix employment center, including 5.4 million square providers. These providers are able to offer specialized capabilities feet of Class A space. More than $4 billion has been invested in such as complete digital infrastructure, T-1 (DS1) lines, T-3 (DS3) lines, downtown Phoenix during the past decade. The area also has one self-healing fiber ring architecture and high-speed data communica- of the lowest vacancy rates in the region. In addition, there are tions. Local exchange carriers with service in the downtown Phoenix a number of luxury apartments and urban housing projects that area include CenturyLink and Cox Communications. provide housing for workers and spur continued office and retail development. Infrastructure Several major projects that have taken place in the past few years Downtown Phoenix, just west of the state capital provides ample have helped to support this dynamic urban environment. parking, excellent access to the freeway system and is the hub of the • The Phoenix Biomedical Campus (PBC) is planned for six million regional transit system that includes METRO’s 20-mile light rail line square feet of research, clinical and medical office space. The PBC providing transportation for commuters as well as downtown sporting currently houses the global headquarters of the Translational and entertainment events. Additionally, downtown is located just 10 Genomics Research Institute and the International Genomics minutes from Phoenix Sky Harbor International Airport which offers more than 830 daily non-stop flights to nearly 80 domestic Consortium. The campus also is home to a medical school and destinations and 13 international destinations.4 various health programs of University of Arizona, Northern Arizona 4 Phoenix Sky Harbor International Airport, 2012. University and Arizona State University. The Phoenix Biomedical Campus is an international hub of healthcare, education and research in downtown Phoenix. Major and Planned Office Buildings • Arizona State University Downtown Phoenix campus hosts more 1. Downtown Phoenix Technology Exchange 6. Wells Fargo Bank Plaza than 10,000 students from a wide variety of academic programs. 287,514 sq. ft. 473,286 sq. ft. 2. Arizona Center 7. Renaissance Square ASU is projected to grow to 15,000 students in Downtown Phoenix. 969,092 sq. ft. 965,508 sq. ft. 3. 200 West Monroe (proposed) 8. One North Central • The recently completed Phoenix CityScape project, in the heart of 343,770 sq. ft. 409,889 sq. ft. downtown, includes 1.8 million square feet of mixed use space with 4. Chase Tower 9. CityScape 560,000 square feet of office space, as well as shopping, dining 723,922 sq. ft. 559,337 sq. ft. 5. U.S. Bank Center 10. Collier Center I and entertainment venues and the new 250 room Hotel Palomar. 371,727 sq. ft. 567,163 sq. ft. Source: CoStar Realty Information, Inc., 2012. Major Area Employers Industry McDowell Rd. Freeport-McMoRan Copper & Gold Mineral Mining-Corporate Headquarters Metro Light JP Morgan Chase Bank Banking and Financial Services Rail Snell & Wilmer Law Firm KPNX Television Television Broadcasting Bank of America Banking and Financial Services Phoenix Newspapers Newspaper Publishing Phoenix Suns Professional Sports Team - NBA Pinnacle West Capital Corp. Electric Utility Holding Company - Headquarters Roosevelt St. Translational Genomics Research . e e v v Institute Research and Development A A . l Arizona State University Higher Education l e e e e . a a t v v v t t t v r r Wells Fargo Bank Banking and Financial Services S t A S S A A t S A n n h h h d d h d d Alliance Bank of Arizona Banking and Financial Services e e t t r t r r t r C 7 7 3 7 3 C 3 7 3 Ernst & Young Accounting and Management Consulting FillmorFillmoree St. United Healthcare Health Insurance Carrier Source: Maricopa Association of Governments; Applied Economics, 2012. 2 Van Buren St. 1 Amenities 3 4 5 Downtown Phoenix and offers a wide variety of amenities, including Adams St. 6 7 8 performing arts, museums, professional sports, entertainment, dining WashingtonWashington St. and nightlife at venues such as: 9 10 JefJeffersonferson St. • Symphony Hall • Arizona Science Center • Orpheum Theatre • Comerica Theater JacksonJackson St.St. • Herberger Theater Center • Phoenix Convention Center • Children’s Museum of Phoenix • Roosevelt Row Arts District ©Landiscor, Inc. 2010 • Heritage Square Historic District Red line denotes the light rail project as it is located within this employment center. • Chase Field (Arizona Diamondbacks) • US Airways Center (Phoenix Suns, Arizona Rattlers, Phoenix Mercury) City of Phoenix Workforce Solutions City of Phoenix Providing services that save businesses time and money! Community and Economic Development Department Contact us to learn more about: talent acquisition assistance; 200 W. Washington St., 20th Floor • Phoenix, AZ 85003 training and development programs; and business expansion services 602-262-5040 • [email protected] 602-256-3147 or visit phoenix.gov/econdev phoenix.gov/econdev 11/12.
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