What The Future Looks Like In Price Road Corridor

Chandler, AZ is home to one of the fastest-growing corporate spaces in the country. It is home to the Price Road Corridor, which houses several tech companies and provides over 40,000 jobs to the area. 

It’s a region that could become another Silicon Valley, and we are seeing it ramp up at a breakneck pace. As more companies establish and expand their presence here, many wonder what the future looks like in the Price Road Corridor. 

Price Road Corridor

The Price Road Corridor in Chandler is a five square mile area that houses many big tech companies. It has 1,442 acres of land meant for commercial use. It is currently a booming economic hub in the Phoenix region and an employment hotspot for both Chandler and Tempe. 

Jobs in the corridor currently represent almost 35% of the city’s jobs and that number is still growing. It’s an excellent place for people looking for growth and for new job opportunities.

Found along the intersections of Loop 101 and Loop 202 freeways, the Price Road Corridor is a prime location in the valley. Its real estate is a mix of Class A offices, executive suites, industrial parks, surrounded by some really great neighborhoods. 

Real Estate Around Price Road Corridor

Aside from driving the job market, the corridor is also a big part of why the nearby real estate markets have been heating up for several years. As more people decide to move here for job opportunities, the demand for real estate continues to rise, as well. 

Compound this with the current inventory shortage we’re experiencing, and it’s a powder keg for a continued home value explosion. People are relocating to the area and buying up everything in sight.

Even with all the factors affecting real estate markets everywhere, prices near Price Road Corridor are likely to stay up. Many people don’t want to drive 40 minutes or more to work, and their first options are the closest areas here in Chandler and Tempe. 

Chandler, AZ

Real estate prices in the Chandler area have seen 20-50% increases over the last year, and it’s not slowing down soon. People want to be near the corridor, and their first choice is this awesome lifestyle that can be found nearby.

It is one of the best places to live in Arizona because of its suburban neighborhoods. Most of its residents are homeowners and young professionals working in the corridor. 

There are plenty of coffee shops and parks, giving you the right balance between a busy corporate district and a cozy neighborhood. It’s an ideal place for those who plan to move and own a home.

Tempe, AZ

Tempe is home to Arizona State University and is an urban-suburban area. There’s easy access to transportation, many great restaurants, coffee shops, and parks. 

It’s also a hot market for investors looking to buy rental properties. With many young professionals and university students in the area, the demand is always high.

BUT, Tempe is so much more than a college town. North Tempe is vastly different than South Tempe where the PRC meets Chandler, AZ. Homes on large lots, mom and pop shops, jobs, great schools, etc. In fact, life in the 85284 zip code is completely different than life near ASU.

The Future For Price Road Corridor Is Bright

The future for Price Road Corridor is bright, whether you’re a member of the workforce, a tech titan, a real estate investor, or anyone looking for a really great lifestyle. The continuous growth of the economy will help keep Chandler and Tempe on the map and help to keep it a great place to live, work and play. 

Schedule a call with us today so we can talk about your plans. We have access to the best real estate available near the Price Road Corridor, and we can help find the perfect home for you!

Thanks for visiting! Remember, if you are thinking of buying or selling a home in the area, the Nick Bastian team is always happy to help. Our office is located at the SW corner of Price and Warner. We Live here, work here and play here and we are always happy to help.

NIck Bastian Realty Executives

 

Nick Bastian
Nick Bastian
Nick Bastian is a 29 year veteran of the real estate industry and enjoys his career very much. Nick is always available to "talk shop" with anyone that may have real estate related questions. "Just Call Nick" at 602-803-NICK (6425) - he's glad to help. Nick can also be found over on Instagram and Twitter ( @NickbastianAZ ) or out and about in the community making friends and having some fun.

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