#1 construction market in the United States. $200B+ in confirmed pipeline. Your subs are in it.
Arizona is the nation's 4th-largest data center market with 67% inventory growth in 2024. Combined with $165B in semiconductor fabs, this is the most active construction market in the country. Every project requires hundreds of MEP subcontractors who need financing.
| Project | Investment | Location | Detail |
|---|---|---|---|
| TSMC | $165 billion | North Phoenix, 1,100 acres | 6 planned fabs. 40,000 construction jobs over 4 years |
| Vermaland LLC | $33 billion | Pinal County, 3,300 acres | Up to 3 GW capacity. One of largest DC projects in US |
| Tract | $20 billion | Buckeye, 2,000 acres | Up to 20M sq ft / 40 data centers. 15-year buildout |
| Intel | $20 billion | Chandler (Ocotillo) | Two new fabs. Largest private-sector AZ investment |
| Apple | $2 billion | Mesa | 1.3M sq ft facility |
| Google (Redhawk) | $1.6 billion | Mesa | 3 buildings. Bldg 1 operational July 2025 |
| Meta | $1+ billion | Mesa, 396 acres | 5 buildings, 2.5M+ sq ft. DPR selected as GC |
| Microsoft | Multi-billion | Goodyear & El Mirage | 420 acres Goodyear + 150 acres El Mirage |
| EdgeCore | 450 MW total | Mesa (Elliot Rd) | 206 MW operational, 250+ MW under construction |
| Aligned Data Centers | $43.2M land | Glendale / Peoria | 100 acres, 72 MW first phase. Broke ground April 2025 |
| QTS Realty Trust | $246.8M land | Avondale | 206 acres acquired July 2024 |
| Stream Data Centers | 40 MW | Goodyear | PHX II commissioning 2025, 6 more buildings underway |
| Compass Datacenters | $39.7M land | El Mirage | 121 acres in industrial park |
| Vantage | $50M+ land | Goodyear | 84 acres total. Mega-scale campus |
| GC | Scale | Key Detail |
|---|---|---|
| DPR Construction | ENR Top 10 | Selected by Meta for $1B Mesa data center |
| Hensel Phelps | ENR Top 25 | Major data center builder nationally |
| Willmeng Construction | Largest private GC in AZ | 400+ employees. #2 Ranking Arizona 2025 |
| Sundt Construction | ENR Top 100 | AZ heritage firm since 1890. Tempe HQ |
| JE Dunn Construction | $6B+ national | #5 Ranking Arizona 2025 |
| McCarthy Building Companies | National | #6 Ranking Arizona 2025 |
| Layton Construction | National | GC of the Year — 2025 AZRE RED Awards |
| Haydon Companies | $800M+ completed | Heavy civil + building. Broke ground on $70M Mesa DC |
| CHASSE Building Team | $625M annual | 250 team. Phoenix + Tucson |
| LGE Design Build | 25M+ sq ft, 1,200 projects | Phoenix + Dallas. Design-build model |
Five data layers, weighted, composite score. Based on the KC metro proof-of-concept — same model, Phoenix data inputs.
GDP growth, infrastructure investment, data center pipeline. Phoenix scores high — $200B+ pipeline is not slowing down.
Building permits via municipal APIs. 60-90 day leading indicator of sub revenue. Permits up = sub demand up.
Awarded contracts, GC backlog, confirmed project relationships. A sub working for DPR on a Meta DC is a different risk than one chasing residential bids.
BLS employment, JOLTS openings, union density, apprenticeship pipeline. 439K national worker shortage. Subs that can't staff don't finish.
| Source | What It Tells You |
|---|---|
| Arizona Registrar of Contractors (ROC) | Active licenses, bond amounts, complaints, disciplinary actions |
| Maricopa County Permits | Commercial/industrial permit trends by type and geography |
| APS / SRP Interconnect Filings | Data center and industrial power demand pipeline |
| BLS Phoenix MSA Employment | Construction sector employment, wages, turnover |
| JOLTS Southwest Region | Job openings and quits in construction trades |
| ENR Southwest Rankings | GC revenue and backlog in AZ/NV/NM |
| Mechanical Trade Contractors of AZ (MTCA) | Association membership, trade capacity |
| OSHA Region IX Records | Safety violations, incident rates by contractor |
Pick a sub in your portfolio. We'll score them against the Phoenix pipeline and hand you the report in 48 hours.