Welcome to Gilbert, Arizona — a city that seamlessly blends the charm of the Old West with modern urban sophistication. Located in the Greater Phoenix area, this vibrant community has more to offer than just its sunny weather and the stunning scenery of the San Tan Mountain Regional Park.
Gilbert's rich history is reflected in its revitalized downtown district, brimming with unique shopping, dining, and cultural attractions like the Hale Centre Theatre and Gilbert Historical Museum. The iconic Water Tower Plaza stands tall in the city center, a tribute to Gilbert's roots and a symbol of its journey to modernization. Gilbert's attractive lifestyle, coupled with its proximity to Phoenix's resources, makes it a desirable place to work and live.
Understanding the current job market in Gilbert and the Greater Phoenix area is essential, as this region has undergone a significant transformation. Gilbert, once rooted in agriculture, has diversified its economy, contributing to the growth and dynamism of the wider Phoenix job market. In this post, we'll delve into an in-depth analysis of the current job market, including the city's and the larger region's prospects, and offer tips for jobseekers considering Gilbert as their new professional and personal home.
An overview of Gilbert's job market in 2023
Fastest growing jobs and industries in Gilbert
The largest industries in the region are professional and business services (16% of the job market), followed by healthcare and social assistance (14%), retail trade (11%), and construction (6%). This diversified job market, coupled with an unemployment rate sitting at around 3%, underscores the resilience and growth of the Greater Phoenix area, including Gilbert. However, it's worth noting that the unemployment rate is expected to rise slightly, potentially reaching as high as 4% or even into the low 5% range.
Personal income is on the upswing
Economic challenges to consider
Consumer confidence nationally has remained at or near its lowest level in the past ten years, which can impact spending and business growth. Holiday sales came in lower than expected, which could lead to further drops in consumer confidence. The business confidence index also showed a downturn, with a reading below 100 for the second consecutive month.
New companies continue moving into Gilbert
The office space market has seen a shift since the pandemic, with a huge swing toward industrial projects and a decrease in office users. There are over 20 million square feet of sub-lease space on the market. However, there is still office activity happening, albeit on a smaller scale, with deals involving back offices, financing, and corporate headquarters. There is hope that a return to office will happen later in 2023 and continue to rise in 2024 and beyond.
Gilbert: a great place to work and live
Moving to Gilbert for work also means joining a vibrant community with a rich cultural scene and beautiful surroundings. And as your career grows, you'll want your living situation to reflect that growth. Whether you’re interested in a single-family home or a luxury apartment, you’ll find your ideal living situation here with the help of an expert Gilbert realtor.
If you're moving to Gilbert for work and need assistance with real estate, The Rider Elite Team is here to help. With an intimate understanding of the Gilbert real estate market, we're committed to helping you find the perfect home to complement your professional journey. Don't hesitate to contact us and get started on your next chapter in Gilbert.