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This slideshow provides demographic and development information about the City of Tempe, Arizona that is helpful to new businesses, brokers and Realtors.
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Tempe, Arizona The Smart Place to Be
We’re different. Urban, densely populated, in the center of it all Not a sea of red tile roofs and swimming pools
Land Area in Square Miles – 40
People per square mile in Tempe: 4,050 For Arizona: 56.3
Distance from downtown Tempe to airport? 6 miles - about 10 minutes
www.tempe.gov/business
Our ResidentsYoung, Smart and Fun
161,700 residentsAverage age: 28.1 years One of the youngest in the country
High School Graduation Rate – 89.3 percent Bachelor’s Degree or Better – 41.3 percent Average Arizona rate is 26.3 percent www.tempe.gov/business
Business AtmosphereTotal number of businesses in Tempe: 16,792Workforce: 150,000+ - Importer of jobs Average commute: 20 minutes Retail sales per capita: $35,768 for TempeRetails sales per capita: $13,637 for state
www.tempe.gov/business
Core Industries Aerospace, Tourism + Retail, Manufacturing, Advanced Business Services and Technology
20 percent of all Tempe jobs are tech-based
www.tempe.gov/business
TransportationAverage commute: 20 minutes6 miles to Sky Harbor International Airport Light Rail from border to borderSurrounded by freeways on all sidesMost walkable city in ArizonaAbout 5 percent of workforce rides a bike to work
www.tempe.gov/business
What Makes Us Cool150+ Special Events AnnuallyTempe Town LakeMill AvenueColleges and UniversitiesHistoric BuildingsLight Rail Forward-Thinking Atmosphere www.tempe.gov/business
DevelopmentBorders are set – upward redevelopment, not sprawlPremium prices for land Higher density in downtown Parcels of vacant land available
www.tempe.gov/business
Commercial DevelopmentHayden Ferry Lakeside IIIDiscovery Business CampusFountainhead Corporate ParkEmerald CenterASU Research Park SRP Grand www.tempe.gov/business
ASU Research Park320-acre Research Park 45 +/- available acres for developmentTenants: Edward Jones, Solterra Solar, Texas Instruments, more
ASU Technical MBA program on siteCooperative research opportunities Patentable proprietary research contracts
3 lakes covering 18 surface acres6 miles of surfaced jogging and bike trails
www.tempe.gov/business
www.tempe.gov/business
ASU Research Park
Discovery Business Campus136-acre mixed-use office park 1.6 million square feet entitledClass A office, flex office, hospitality and retail development
166,000 square foot two-story + 133,000 square foot one-story 66,000 square foot high tech manufacturing Foreign Trade Zone designation35,000 square foot clean room
Adjacent to ASU Research Park on Elliott and Loop 101www.tempe.gov/business
Papago Park CenterSeveral existing office buildingsFortune 500 companies The Grand parcel offers 58+ acres of land for development
www.tempe.gov/business
www.tempe.gov/business
Mixed use commercial project Approximately 2 million square feet of office, retail, and hotel development approved
Papago Park Center
Fountainhead Corporate Center170 acre mixed-use project 1 million square feet of office270-room resort Mark Taylor apartment community adjacent to siteNew retail development plannedCorporate neighbors: University of Phoenix, State Farm Insurance
www.tempe.gov/business
Hayden Ferry Lakeside III10-story building on Tempe Town Lake250,000 square foot, Class A office tower Corner of Mill and Rio Salado Parkway, gateway to downtown TempePart of award-winning Hayden Ferry Lakeside development
www.tempe.gov/business
www.tempe.gov/business
Hayden Ferry Lakeside
Emerald Center140 acre site for retail, hotel, some office About 8 acres remain for developmentHome to IKEA, Total Wine, Dick’s Sporting GoodsI-10 and Elliott Road
www.tempe.gov/business
www.tempe.gov/business
Hotel Residence Inn by MarriottUnder construction – Completion early 2014173 rooms5,700 square feet retail3,500 square feet meeting space$28 million investment In the Mill Avenue District in Downtown Tempe
HomesTempe Housing Units – 73,462Homeownership rate – 46.7 percent
Multi-unit structures – 44.7 percentMulti-family units planned/under construction: +/- 4,000
www.tempe.gov/business
Multifamily HousingCabana on McClintock – 180 unitsMark Taylor – two new communities – about 600 unitsRetreat on Apache – 125 The Hub – 269 units with 22,000 square feet retailFairfield of Tempe – 300 unitsMany new apartment homes under construction or planned
www.tempe.gov/business
Contact UsTempe Economic [email protected] * www.tempe.gov/businessTwitter: @tempegov * www.facebook.com/cityoftempe480 350-4311