Phoenix ranks in top 10 for corporate headquarters relocations, CBRE report says Article originally posted on Phoenix Business Journal on April 13, 2026 Phoenix continues to be an attractive city for companies looking to relocate their headquarters, according to a new report from CBRE. The report ranked Phoenix No. 4 in the U.S. for gaining the most corporate headquarters, in a three-way tie with Nashville and Tampa, with a net gain of six HQ relocations in 2025. Some major HQ moves in the Valley last year include Dutch Bros moving its headquarters from Oregon to Tempe, and signed a lease for a 136,426 square-foot space at Liberty Center. Another big move in Tempe saw software company Cognite relocate its headquarters from Norway to the Valley in late 2025. Also in 2025, Canadian medtech startup NeuroCatch Inc. chose Phoenix as the home of its new U.S. headquarters, moving into a space within the Phoenix Bioscience Core. And just last week, Los Angeles-based builder KB Home said it intends to relocate its headquarters from California to Tempe. The top U.S. metros for net HQ relocations in 2025 were Dallas-Fort Worth (11) and Miami (8). The Covid-19 pandemic and rise of hybrid work drastically reshaped the office market in recent years. Companies have reassessed their space needs and employees’ preferences, leading to some notable trends. One trend is intrametro relocations – or companies moving their HQ to another space within the same metropolitan area. Those companies are largely moving from central business districts into smaller offices in more suburban submarkets closer to where employees live. A local example is Valley-based Sprouts Farmers Market, which is building out a new headquarters campus in north Phoenix that it expects to occupy this summer. Four of the Phoenix relocations last year were intrastate relocations, with companies “rightsizing their portfolio or seeking a building with better amenities and fewer total square feet,” according to CBRE’s report. Companies are now opting for smaller, more flexible and efficient spaces compared to large, centralized floor plates of the past, employing desk-sharing and open seating arrangements to make it work with a fraction of the space they took up before, the report said. HQ relocations overall continued to rise across the country last year, with CBRE tracking 164 of those moves compared to 96 the year prior. Find Complete Article Here: https://www.bizjournals.com/phoenix/news/2026/04/13/corporate-headquarters-cities-ranking-phoenix-cbre.html