Scottsdale Outlook: 2009 Economic Reports

by Dru Bloomfield on July 16, 2009

The City of Scottsdale posts quite a bit of information about the state of the city’s economy.  Just this year, the following reports have been completed and posted on the city’s web site:

Quick Statistics - June 2009
A summary of Scottsdale demographic and economic 2008 statistics, such as:

Population 230,293
Median Age 40.2 years
Median Household Income $74,504
Housing Units 115,036
Households 97,112
Unemployment Rate 3.6%
Median Resale Home Price $460,750
Median New Home Price $1,120,000
City Size 184.2 square miles – 31 miles north to south
Elevation 1,260 ft (on average)
Average days of sunshine 328 /year
Average rainfall 9.41 inches / year

 

Quarterly Growth Profile  – 2nd Quarter 2009
1% population growth year-to-date

Monthly Financial Update May 2009 (April 2009 Activity)
Revenues are down across the board. No specific info about Scottsdale job market, but report does include this eye-opener about Arizona.

Arizona Had Weakest Labor Market Performance of All States in March. Arizona’s over-the-year job losses were the worst of all states, with employment decreasing by 6.9 percent from a year ago. Nationally, the economy lost 4.8 million jobs over-the-year in March, and payroll employment fell by 3.6 percent. Since March of 2008, the Grand Canyon State has seen payrolls fall by 183,100 workers.

Scottsdale Airpark Land Use Study March 2009 – Employment and land use projections for Scottsdale’s Airpark and Loop 101 Corridor, with policy recommendations.  Abbreviated Scottsdale Airpark Land Use Study 

Business growth in the Greater Scottsdale Airpark area will bring another 13,000 jobs by 2020, most of them in professional, technical and financial services occupations, according to an updated economic study. The study also cited the need to redevelop older portions of the Airpark and recommended a shift toward more mixed-use developments to help keep the area competitive with other emerging job centers around the Valley.

Despite the current recession, job growth will resume and will average roughly 2 percent per year, increasing the total number of jobs from about 42,500 in 2007 to 55,000 in 2020, according to the report.

Automotive Dealerships Market Analysis - April 2009
A market and feasibility study outlining the viability of new car dealerships in Scottsdale.  Includes demographics surrounding both north and south car corridors, as well as an interesting table on the most purchased luxury cars.

Lodging Statistics - February 2009
Part I of The Scottsdale/Paradise Valley Tourism Study analyzes trends relating to the lodging industry in the Scottsdale/Paradise Valley tourist market area, while the second section of the study deals with trends relating to tourists themselves. It examines the total number of tourists, their spending patterns and sociodemographic profiles, and the overall economic impact of the tourism industry in the study area.

A lot of info about the city.  Some more useful than other, but then, of course, that depends are what you are looking for.

For additional reports on Scottsdale, you can visit Demographics and Economic Reports.

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