Study: Downtown Phoenix Generates $21.2 Billion in Economic Activity in 2022

Buoyed by more than $8 billion in investment since 2005, the transformative growth that has forever changed Downtown Phoenix can be seen in an evolving skyline and felt on highly energized sidewalks. But how has Downtown’s ascent impacted the rest of the region? Downtown Phoenix Inc. commissioned an economic impact study to assess the aggregate impact of its service area (McDowell Road south to Jackson Street; 7th Street west to 7th Avenue) within the broader City of Phoenix. Since this study was last conducted in 2018 by Rounds Consulting Group, Inc., Downtown has added thousands of residents