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E-Zine for the Week Ending April 26, 2017
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What’s happening in the HOT Downtown Phoenix Apt. Market? How will this affect your community? Proven ways to attract the downtown workers as residents. Where are the opportunities for investment today? Market Update Presentation – 4.5.2017
Q4 2016 Metro Phoenix Apartment Owner’s Newsletter CLICK HERE
New Apartment Construction Data - Email Jim@KLCommercialGroup.com
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Like most of America's true paradigm shifts, the growth of Silicon Valley's tech industry started with lots of slow-burning embers—then exploded into a full-scale conflagration seemingly overnight. It took its name from the semiconductor businesses that seeded a patch of Northern California in the 1960s, attracting brainiacs from around the world. But the modern history of the place really began in 1976, when Steve Jobs and Steve Wozniak first huddled together in a stuffy Los Altos garage to invent a cool, affordable personal computer, the Apple I—and a company that borrowed its name.
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The growing Scottsdale Quarter, facility additions like Sneaky Big Studios and new tech company tenants have propelled the Greater Scottsdale Airpark into the modern live, work, play era, according to a recent report.
Jim Keeley released his annual Greater Scottsdale Airpark 2030 Report earlier this month, which credits the expansion of the Scottsdale Quarter to the fresh attitude towards the Airpark.
Keeley, a founding partner of Colliers International’s Scottsdale office, which manages the business park, first published the report in 1989 to provide perspective and information on the economic activity and growth for the Scottsdale Airpark.
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Its stability and reliability since the Great Recession has made the self-storage market popular among developers and buyers in Arizona.
There are approximately 950 self-storage facilities in the state, according to the Arizona Self-Storage Association, with about 500 in the Valley alone, and over 50 in the development pipeline.
Dave King, vice president of self-storage at Wentworth Property Company, said lower cost of land and the ease of getting into markets that have good demographics has made Arizona’s self-storage market appealing.
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Wednesday night, the Phoenix City Council voted to approve a $50-million deal that will fund design and pre-construction costs for Valley Metro’s expansion in South Phoenix. It’s the latest step towards creating a new offshoot of the light rail, which will run south down Central Avenue, starting at Jefferson Street and ending at Baseline Road.
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12,759 Units Under Construction
In addition to the 12,759 units currently under construction, there are 19,254 planned and 9,137 units noted as Prospective. That's a total of 41,150 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
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