Phoenix and Surprise, AZ and Las Vegas, Nevada: A Premier Destination for Commercial Real Estate

Introduction

Phoenix and Surprise, Arizona, along with Las Vegas, Nevada, stand out as vibrant hubs for commercial real estate (CRE). These cities are defined by their rapidly growing populations, robust economies, and dynamic industry clusters, making them prime locations for various asset classes. From high-tech industries to logistics and tourism, the CRE landscape here is diverse and ripe with opportunity.

Economic and Industry Overview

Phoenix is known for its burgeoning tech and aerospace sectors, while Surprise has seen growth in logistics and healthcare. Las Vegas remains a global leader in tourism and entertainment, but is also witnessing diversification into technology and healthcare. These industries drive demand across multiple CRE property types, including office spaces, industrial warehouses, and retail locations.

Regional economic development initiatives, such as the Greater Phoenix Economic Council and Las Vegas Global Economic Alliance, bolster these industries by fostering business-friendly environments and offering incentives for CRE development.

Strategic Location and Transportation Infrastructure

Phoenix and Surprise, AZ

• Highways: Interstates 10 and 17 provide crucial north-south and east-west connectivity.
• Airports: Phoenix Sky Harbor International Airport is a key logistics hub.
• Rail: Access to Union Pacific and BNSF Railway enhances distribution capabilities.
• Arizona Department of Transportation

Las Vegas, NV

• Highways: Interstate 15 connects Las Vegas to Southern California and Utah, while I-515 links to Phoenix.
• Airports: McCarran International Airport supports extensive cargo operations.
• Nevada Department of Transportation

These transportation networks offer significant logistical advantages, including access to labor pools and proximity to major markets.

Commercial Real Estate Inventory & Zoning

Phoenix and Surprise, AZ

• Submarkets: Central Business District, Deer Valley, and Southwest Industrial Corridor.
• Asset Classes: Industrial, office, and retail dominate, with emerging interest in medical and multifamily developments.
• Zoning: Recent changes favor mixed-use developments and innovation zones.
• City of Phoenix Zoning Maps

Las Vegas, NV

• Submarkets: The Strip, Downtown, and Southwest Valley.
• Asset Classes: Retail and hospitality are robust, with growing industrial and office segments.
• Zoning: Incentives available for developing tech parks and business incubators.
• City of Las Vegas Parcel Viewer

Major Employers and Institutions

• Phoenix: Intel, Honeywell Aerospace, Arizona State University.
• Surprise: Amazon Distribution Centers, Banner Health.
• Las Vegas: MGM Resorts International, University of Nevada, Las Vegas.

These institutions are central to region's economic vitality, driving CRE demand across office, retail, and industrial spaces. Explore more through Arizona Commerce Authority and Las Vegas Business Directory.

Notable Commercial Developments & Projects

Phoenix and Surprise have numerous mixed-use developments, such as Park Central and Prasada. Las Vegas boasts projects like the Allegiant Stadium area development and Downtown's Innovation District. These projects often involve public-private partnerships and are located in Opportunity Zones, which offer tax incentives for investors.

• Phoenix Planning and Development
• Las Vegas Planning Department

Building Permits, Planning, and Development Tools

• Phoenix and Surprise:

  • Phoenix Building and Safety Department
  • Surprise, AZ Permitting Portal

• Las Vegas:

  • Las Vegas Building Permits
  • Las Vegas GIS and Parcel Map Viewer

Market Data & Economic Reports

Access comprehensive data sets from census.gov, Phoenix's Open Data Portal, and the Las Vegas Economic Impact Reports. Brevitas offers AI-powered aggregation from these sources, providing real-time insights and dashboards for CRE professionals.

Why Use Brevitas for Phoenix and Surprise, AZ and Las Vegas, Nevada CRE?

Brevitas is your go-to platform for discovering CRE opportunities in these dynamic markets. Benefit from: - AI-driven discovery and real-time market alerts. - Smart property pages and dealroom collaboration. - Auto-generated listing pages and email/landing page tools. - Integration with brokers and developers, offering exclusive listings and premium exposure.

Explore Brevitas for more insights and opportunities in Phoenix, Surprise, and Las Vegas.