E-Zine for the Week Ending January 10, 2018
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The East Valley - Know Where to Invest and When to Sell
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Event Info
Date:
Wednesday, January 31st
Time:
3:30 - 6pm
Location:
Mesa Arts Center
1 E Main St, Mesa
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With its established infrastructure, diversified business growth, available skilled talent pool, land for expansion and the fact that Arizona is now leading the Nation in JOB GROWTH,
PHX East Valley may soon become the fastest growing area in the entire United States!
While that’s great, what does it mean for owners of property located in the older and established areas? What activities are planned for some of the in-fill areas that might impact commercial and residential values. Where are the commercial opportunities. What’s happening along the Light Rail and where are the opportunities along the proposed new routes. The information provided is by the “Best of the Best Speakers”, the individuals that are in-charge of making things happen. As opposed to events where only opinions are provided – generally useless info! Attendees to our very successful events in the past have not only been property owners, but developers, commercial entrepreneurs, AND of course, many commercial and residential real estate agents that understand it’s their obligation to have the best information possible to properly serve their clients.
SEATING WILL BE LIMITED
as we approach the event. We do not want to turn anyone away, so if you have an interest, please
REGISTER
ASAP.
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Rents grew 2.5% in 2017, which, although solid, represents the smallest annual increase since 2010, when rents fell 0.4%, according to Yardi Matrix. Since then, rents had grown by at least 3.3% every year, peaking at 5.4% in 2015 and declining to 3.4% in 2016. In December, rents remained at $1,359, according to Yardi Matrix’s monthly survey of 121 markets.
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In 2017 Americans learned to expect the unexpected, whether it be politics, weather or housing. Driven by record low inventory, little about the housing market went as forecast last year. “We thought there would be some things to take the pressure off,” reflects Skylar Olsen, senior economist at home search site Zillow. Interest rates would rise. Construction would pick up. Price growth would moderate. “That did not happen at any impactful level.”
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Ohio-based Magic Lake 80 LLC has sold 52 acres of land in Pinal County south of Phoenix to Scottsdale-based Lookout Mountain Partners. The land is off Hunt Highway and Heritage Road south of Queen Creek. Lookout Mountain bought the Pinal land for $1.25 million.
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16,731 Units Under Construction
In addition to the 16,731 units currently under construction, there are 11,100 planned and 12,727 units noted as Prospective. That's a total of 40,560 units.
Email Jim for detailed list of new construction or use the map link above
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Map of Apartments Available
We keep track of all apartments advertised. The interactive map shows the location and quantity of units advertised in Phoenix Metro area.
CLICK HERE for a detailed list of Apartments Available or use the map link above.
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Kasten Long Commercial Group
Jim Kasten, CCIM - Designated Broker
602 445 4113 Office 602 677 0655 Cell
www.KLCommercialGroup.com
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