NAICS 53

Real Estate and Rental and Leasing in Arizona: 2026 Market Risk Report

Entry risk 52.4 (Elevated), ranked #46 of 51 states. 13,332 establishments, 60,378 jobs.

Entry Risk Assessment

Entry Risk Score 52.4
Low 0-30
Moderate 30-42
Elevated 42-55
High 55+
Elevated

ⓘ Lower is better. Relative to national real estate and rental and leasing average.

📈Growth Opportunity

Despite ranking top 5 in growth momentum, Arizona presents structural entry friction. Wage pressure (48.8) and an overall risk score of 52.4 indicate that top-line growth may not translate to favorable unit economics for new establishments.

5-Year Firm Retention
5.9%
Percentile within industry
Rank #49 of 51 states
Growth Momentum
↑ 76.6
Scale of 0-100
Rank #4 of 51 states
Establishment Density
58.9
vs. national average
Rank #44 of 51 states
Market Volatility
24.8
Lower is more stable
Wage Pressure Index
48.8
Labor cost pressure

13,332 Establishments in Arizona

13,332
Establishments
+0.7% YoY
60,378
Total Employment
+2.5% YoY
$75,058
Average Annual Wage
+3.9% YoY

Arizona vs National Real Estate and Rental and Leasing Average

How Arizona's real estate and rental and leasing market compares to the national average across all 51 states.

Metric AZ National Difference
Entry Risk Score 52.4 40.5 +11.9
5-Year Retention 5.9% 51.0% -45.1
Growth Momentum 76.6 39.4 +37.2
Market Volatility 24.8 22.1 +2.7
Establishment Density 58.9 34.1 +24.8
Wage Pressure 48.8 45.1 +3.7

Green = favorable vs national average. Red = less favorable. Metrics are relative within real estate and rental and leasing only.

Arizona Ranks #46 of 51 for Real Estate and Rental and Leasing

Arizona ranks #46 out of 51 states for real estate and rental and leasing market entry conditions.

Real Estate and Rental and Leasing Entry Risk by State

Rank State Risk Score Classification
#1 Pennsylvania 24.5 low
#2 Wisconsin 26.0 low
#3 Nebraska 26.3 low
#4 South Dakota 26.4 low
#5 Massachusetts 27.7 low
#46 Arizona You 52.4 elevated
Entry Risk by State Alaska — 34.9 · #15 Alabama — 31.9 · #13 Arkansas — 30.5 · #12 Arizona — 52.4 · #46 California — 47.1 · #39 Colorado — 52.1 · #44 Connecticut — 45.9 · #37 District of Columbia — 38.5 · #24 Delaware — 53.2 · #47 Florida — 54.7 · #49 Georgia — 51.6 · #43 Hawaii — 60.3 · #50 Iowa — 35.6 · #16 Idaho — 43.4 · #32 Illinois — 44.3 · #33 Indiana — 30.2 · #10 Kansas — 41.4 · #29 Kentucky — 30.3 · #11 Louisiana — 44.5 · #34 Massachusetts — 27.7 · #5 Maryland — 50.4 · #42 Maine — 28.3 · #6 Michigan — 39.3 · #26 Minnesota — 42.1 · #31 Missouri — 39.2 · #25 Mississippi — 30.0 · #8 Montana — 37.5 · #20 North Carolina — 38.1 · #23 North Dakota — 54.3 · #48 Nebraska — 26.3 · #3 New Hampshire — 29.6 · #7 New Jersey — 37.3 · #19 New Mexico — 52.3 · #45 Nevada — 61.9 · #51 New York — 37.6 · #21 Ohio — 33.2 · #14 Oklahoma — 42.0 · #30 Oregon — 44.8 · #35 Pennsylvania — 24.5 · #1 Rhode Island — 37.8 · #22 South Carolina — 44.9 · #36 South Dakota — 26.4 · #4 Tennessee — 37.2 · #18 Texas — 41.4 · #28 Utah — 46.6 · #38 Virginia — 35.6 · #17 Vermont — 30.1 · #9 Washington — 48.0 · #40 Wisconsin — 26.0 · #2 West Virginia — 40.6 · #27 Wyoming — 49.6 · #41
Low Moderate Elevated High

Tap a state to view details

About Entry Risk Score: A weighted composite of firm retention, growth momentum, market volatility, establishment density, and wage pressure. Lower scores indicate more favorable conditions. Read full methodology →

Data Sources

Data period: 2024. Last updated: February 2026. Next refresh expected: Q2 2026 (BLS QCEW update).

Compare to Another State

How does Arizona stack up against other states for real estate and rental and leasing?

Select a state above to see the comparison

Real Estate and Rental and Leasing in Neighboring States

How Arizona's real estate and rental and leasing market compares to bordering states.

Utah 46.6 #38/51 California 47.1 #39/51 Colorado 52.1 #44/51 New Mexico 52.3 #45/51 Nevada 61.9 #51/51

Other Industries in Arizona

Construction → Healthcare and Social Assistance → Retail Trade → Accommodation and Food Services → Professional, Scientific, and Technical Services → Finance and Insurance → Administrative and Support Services → Information → Other Services →