Phoenix continues to be one of the best-performing markets for job and post-COVID-19 recovery. The Valley reported fewer job losses than any other metro in the U.S. and has already regained the majority of jobs lost within the first half of the year. As of July 2021, Phoenix has recovered 78 percent of its jobs and is expected to fully recover by the end of 2021. A large influx of migrants are moving into Phoenix, seeking lower taxes and cost of living. In addition, the market’s large public and private educational institutions have expanded the metro’s hiring pool, causing numerous corporations to take notice and move operations here. The market’s overall strong value proposition has prompted industrial demand to skyrocket with companies seeking space for expansion and new facilities. Although the number of companies is impressive, the diversity of industries is what is driving success in the Valley of the Sun. Over the last few years tech giants Apple, Google, Microsoft, and Amazon have heavily focused on developing data centers throughout Phoenix. Service-based companies HelloFresh, DoorDash, OpenDoor, UPS, among many others, recently invested in large industrial spaces within the metro, looking for relative affordability and business-friendly regulations. Overall, the companies Phoenix is attracting have evolved into a diversified economy essential to long-term sustainability.