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Wednesday, May 17th - Time: 4-6pm
Location: Arizona Multihousing Assoc. 818 N 1st St, Phoenix
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Keynote Speaker : Christine Mackay – Dir. of Economic Development - City of Phoenix
This is a unique opportunity to not only understand the Current and Future Development plans for Downtown Phoenix Including the “HOT” Apartment Market BUT ALSO what that means to all apartment owners (small and large) with properties in or near downtown.
- What’s Driving the Current and Projected Development of the Downtown Area New Apt. Construction, Future Demand and the Effect of the High Rental Rates on Local and Outlying Apartment Communities
- How tenants search for apartments? Is your advertising effective?
- Is South Phoenix perfect for investing with the recently approved light rail extension?
- 2017 Q1 Metro Phoenix Apartment Market Update
- Break-out sessions: Fair Housing, 1031 Exchanges, Asset Re-positioning
Event Sponsors
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E-Zine for the Week Ending May 10, 2017
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Don’t count out the apartment wave just yet.
The Phoenix metro area ranked among the top multifamily markets for net leasing in the U.S. in the first quarter, according to new data from CBRE Group (NYSE: CBG).
New York – including Newark and Long Island — saw the most apartment absorption (or net leasing) in the first quarter with 6,400 units rented.
Phoenix was fourth with 3,300 units absorbed behind only New York, San Francisco (3,600) and Washington D.C. (3,400).
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PHOENIX (AP) — Imagine a road trip in 2030 on a super interstate highway that stretches from Arizona's border with Mexico to the U.S.-Canada border in Montana. And it won't be just a road on which you drive your car, but an economic investment to the communities through which it passes.
Ian Dowdy, director of the Sun Corridor program, said the institute wanted to put the time to research, develop, and team up with other groups to make the proposed transcontinental highway, CANAMEX, something that will not be outdated by the time it's built.
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The Arizona economy is expected to continue with steady, understated growth in the next year under the Trump presidency, experts said Tuesday.
President Donald Trump's defense policies could bolster the state through its myriad government contractors, and Trump's health-care reform could weigh down that sector, which represents 20 percent of all new jobs in the state.
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Watt Communities has sold out of units at its infill housing development in Tempe and hopes to replicate that success in $73 million worth of other projects.
Dorsey Lane is a townhouse project on Broadway Road in between Rural and McClintock roads in Tempe.
All 51 units have sold, according to Watt.
The townhouses were priced starting in the $200,000s.
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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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