Phoenix is becoming a hotbed for the real estate and technology industries.
The city’s real estate sector is expected to be worth $2.3bn by 2040.
The average property sale price has soared from $1,200 in 2010 to $1.4bn in 2020, according to the US Census Bureau.
But the real-estate market is not yet as well-capitalised as the technology sector.
The median income in Phoenix was $39,000 in 2020.
In the tech sector, the median income is $69,000.
But Phoenix’s population is growing faster than the rest of the US and the population of tech companies in the city is growing by more than 30 per cent per year, according the US Chamber of Commerce.
The number of companies in Phoenix has nearly tripled since 2000, and there are now over 3,400 companies operating in the area.
Many of these companies are based in Arizona, but they are also based in the United States and elsewhere in Asia.
They are not the only ones to find their success in Phoenix.
In a city that is home to more than 5,000 tech companies, more than 300 of them have relocated from other states and Canada, according an analysis by the Arizona Chamber of Business.
They include Amazon, Google, Facebook, Microsoft, Pinterest, Uber, Yelp and Airbnb.
In 2015, Airbnb became the second-biggest Airbnb investor after Google.
It has also invested in companies that build and run hotels, condos, apartments, schools, and community centers.
The Chamber has been tracking the real property and tech industries for decades.
In 2016, it released a report, “Phoenix: The City in the Sky”.
It examined the city’s economic growth, housing, and social services, and how those factors contributed to the boom.
The report noted that real estate in Phoenix is more expensive than anywhere else in the US.
According to the Phoenix Convention and Visitors Bureau, average rents for a two-bedroom apartment in Phoenix have increased by more then 40 per cent in the past 10 years.
The real-tourism industry also plays a major role in Phoenix’s economy, with hotels and motels accounting for the bulk of the city and the majority of jobs in the industry.
The US Chamber has called for more investment in the real properties and tech sectors.
However, the realisation of the housing bubble has been driving the realtors away from Phoenix.
The chamber is also calling for tighter regulation on home-rental websites.
It is also pushing for more taxes to be levied on the real owners of properties.
The Phoenix Chamber also says that the city should establish an oversight body to make sure the realty and technology sectors are following the rules.
The mayor has also called for a moratorium on new development until a real estate development is allowed.
Meanwhile, Phoenix Mayor Greg Stanton has been outspoken about his desire to revitalise the city.
“I want to see this city prosper.
I want to create jobs,” Stanton said last year.
“Phoenix is one of the most expensive places in the country to live in.
That is a fact.”