Peoria, AZ, Arizona: A Premier Destination for Commercial Real Estate

Introduction

Peoria, AZ, Arizona, is emerging as a noteworthy hub for commercial real estate (CRE) investment, thanks to its strategic location, robust economy, and growing industry sectors. As part of the Phoenix metropolitan area, Peoria offers a blend of suburban charm and urban opportunities, making it attractive to various commercial real estate investors. The city's economic landscape is bolstered by key industries such as healthcare, education, and retail, which continue to drive demand for diverse property types, including office spaces, industrial facilities, and retail centers.

Economic and Industry Overview

Peoria's economy is characterized by its dynamic mix of industries. Healthcare and education are prominent sectors, supported by major employers like Banner Health and Peoria Unified School District. The retail sector also plays a significant role, with numerous shopping centers and outlets distributed throughout the city. Additionally, Peoria is part of the Greater Phoenix Economic Council, which supports regional development and fosters initiatives to attract new businesses and investments. The city's industrial sector continues to expand, offering opportunities for warehouse and distribution facilities.

Strategic Location and Transportation Infrastructure

Peoria benefits from an extensive transportation network that enhances its commercial appeal. Key highways such as the Loop 101 and US Route 60 provide seamless connectivity to the Greater Phoenix area and beyond. The city's proximity to Phoenix Sky Harbor International Airport, one of the busiest airports in the United States, offers significant logistical advantages for businesses requiring swift access to national and international markets. The Arizona Department of Transportation provides additional information on transportation infrastructure supporting Peoria's growth.

Commercial Real Estate Inventory & Zoning

The city's commercial real estate landscape is diverse, featuring vibrant submarkets like the Old Town Peoria, which houses a mix of retail and office spaces, and the expanding industrial corridors along Loop 101. Peoria's zoning regulations facilitate various development opportunities, with incentives available for projects aligning with the city's growth objectives. For more detailed zoning information, visit the City of Peoria's zoning maps.

Major Employers and Institutions

Peoria is home to several major employers that significantly impact its commercial real estate market. Notable institutions include Banner Health, the Peoria Unified School District, and the City of Peoria itself. These organizations, along with others like Huntington University and the Peoria Sports Complex, contribute to the demand for office and retail spaces. For a comprehensive list of employers, refer to the Peoria Economic Development Department.

Notable Commercial Developments & Projects

Peoria is witnessing transformative developments such as the P83 Entertainment District, which is a mixed-use area combining dining, entertainment, and retail spaces. Other significant projects include the ongoing expansion of the Loop 303 corridor, which aims to accommodate industrial growth. Public-private partnerships and designated Opportunity Zones further enhance the city's attractiveness for new investments. For maps and details on these developments, consult the Peoria Planning Department.

Building Permits, Planning, and Development Tools

For developers and investors, Peoria offers a range of tools and resources to facilitate project planning and execution: - Building and Safety Department - Online Permitting Portal - Parcel Map Viewer / GIS - Development Code

Market Data & Economic Reports

Peoria's commercial real estate market is supported by comprehensive data sets available through public sources such as the U.S. Census Bureau and the city's Open Data Portal. These resources provide valuable insights into demographic trends and economic conditions. Brevitas leverages AI-powered aggregation from these public data sources to provide detailed market analytics. Explore Brevitas-powered dashboards for more in-depth insights into Peoria's CRE landscape.

Why Use Brevitas for Peoria, AZ, Arizona CRE?

Brevitas stands out as a premier platform for commercial real estate professionals in Peoria, AZ, Arizona. Our AI-driven discovery tools and real-time market alerts ensure that you never miss an opportunity. Brevitas offers smart property pages, dealroom collaboration, and exclusive listings with premium exposure. Unique features include: - Auto-generated listing pages - Email and landing page tools - Integration with brokers and developers

For those seeking to optimize their commercial real estate investments in Peoria, Brevitas provides unparalleled resources and support. Discover more about how Brevitas can enhance your CRE strategy in Peoria by visiting our Brevitas city search.