The Prescott Arizona Commercial Real Estate Market

Prescott, Arizona has the prestige of being theDepartment of Education. Certain schools in the
first capital of Arizona. It was established back inPrescott Unified School District also garnered
1863 in what was then the Arizona Territory."Excelling" status, namely, Washington Traditional
Though the current capital and largest city ofSchool, Taylor Hicks Elementary, Prescott High
Arizona is Phoenix, the Prescott, Arizona realSchool, Granite Mountain Middle School, and Abia
estate market is still an attractive place in whichJudd Elementary. The Yavapai College has various
to invest.campuses in Prescott and is a popular choice for
Visitors with a taste for history may like tocollege among many students because at least
wander around the Prescott, Arizona because of9,000 students are enrolled here each semester
the aging buildings that still stand and have made itper year.
to the National Register of Historic Places. In thisA sampling of the national recognition Prescott
Arizona real estate market alone, Prescott isreceives ...
home to 525 structures that are listed on the- August 2006 Money Magazine calls Prescott one
National Register. Aside from the fact that manyof the Top 5 towns in the article titled, "Best
examples of Victorian architecture still exist here,Places to Retire".
the Prescott, Arizona real estate market is still- June 2006 MSN Real Estate names Prescott one
remarkable because it is said to be theof 8 places people want to live in the U.S. for its
Southwest City with the most Midwesternstrong economy, colleges and low crime rate.
appearance.- May 2006 INC magazine, Prescott was identified
The area around Prescott, known as the "Quadin the list of 25 Hottest Small Cities with an
Cities," consists of Prescott, Prescott Valley,employment base of less than 150,000.
Dewey and Chino Valley, AZ. This area is among- April 2006, Prescott was chosen as one of the
the fastest growing areas in the state. This isDozen Distinctive Destinations in the United States
largely due to the favorable climate in the area.by the National Trust for HistoricPreservation.
It's not nearly as hot as Phoenix and the rest ofPrescott was selected from 93 destinations in 39
the central and southern part of the state. Andstates that were nominated for this award.
you won't experience the extreme winters as- March 2006 Bottom Line listed Prescott one of
you'll find up north in Flagstaff and Williams. It's athe 7 Great Places to Live.
very nice and comfortable medium.- February 2006 Milken Institute gave Prescott an
Yavapai County is the second fastest growingoverall ranking of 3 in the 2005 Best Performing
county in Arizona. The City of Prescott is theCities.
largest urban area within the county. The city's- January 2006, Prescott was listed in True West
growth has been steady at about 4 per cent permagazine, as one of the top ten Western Towns.
year for the past decade and is expected to- January 2006 The Business Journal. Prescott
continue at that rate. More than 100,000 peoplemay be better known for its fragrant pines and
reside in the Quad-City area.historical Whiskey Row saloons, but it ranked an
With local primary employers like Yavapai County,impressive 5th (population 100,000 - 500,000) on
ACE Distribution, Lockheed Martin, Wal-Mart, andthe survey conducted by the American City
Yavapai Regional Medical Center and the PrescottBusiness Journals, well ahead of Phoenix.
Unified School District, the Prescott area has- July 2004 issue of Business Week lists Prescott
established a solid industry base. It is a mildthe top 5 'Recreation Havens' in the United States.
four-season climate and faces few natural- 2004 Boom Town USA: The 7 ½ Keys
disasters making it ideal for companies in the ITto Big Success in Small Towns" mentions Prescott
area.as one of the top small cities in the country.
If you are considering a move within the Prescott,Prescott was listed in The Golden Eagles, the
Arizona real estate market, your kids will receivecrème de la crème, category of
a quality education, because Prescott is home tosmall towns in America.
many fine educational institutions. For instance, the- 2004 Cities Ranked & Rated shows
charter school Tri-City College Prep High SchoolPrescott as #6 in the Emerging City category.
was placed under the "Excelling" category by the