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E-Zine for the Week Ending May 31, 2017
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Metro Phoenix, New Apt. Construction as of 5.31.17
16,864 units, 66 projects Under Construction
13,149 units, 34 projects, Planned
12,785 units, 62 projects, Prospective
Phoenix dominate the development currently Under Construction with 25 projects (6,082 units)
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*Note the announcement of the large parking/transit deal for downtown Phoenix. When Christine Mackay spoke at the KLCG – AMA event, she noted that parking was a major concern for bringing in new employers. This is exactly what downtown Phoenix needs to continue its growth!
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Quicken Loans is taking a big step toward a big operations and employment move to downtown Phoenix.
The Phoenix City Council will consider entering into a parking deal with the mortgage firm at its meeting tomorrow.
The deal entails Quicken Loans leasing 1,100 parking spaces across from Chase Field at Fifth and Washington streets
Quicken will pay $50 per space, the market rate. That translates into $55,000 per month
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The East Valley’s growing network of trains and trolleys could grow even more thanks to recent action by the Mesa City Council.
During this spring’s round of budget discussions, the council agreed to spend $1.2 million to study two possible transit projects:
Extending the Tempe streetcar line into the Riverview area. Study cost: $300,000 over two years.
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The final phase of Sage, one of the first condo developments to start as the Phoenix market emerged from the recession, has nearly reached sell-out, according to developer iStar, totaling nearly $40M. The last phase included 72 two- and three-bedroom condos in Scottsdale, all but two of which are sold.
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U-Haul International, Inc., the industry leader in do-it-yourself moving and self-storage, is pleased to announce the top U-Haul Destination Cities for 2016 with the return of its annual migration reports. Phoenix ranks No. 12 among the U-Haul Top 50 U.S. Destination Cities. Phoenix witnessed a 3.3 percent decrease in 2016 arrivals compared to 2015, sliding two spots from its previous destination ranking of No. 10, according to the latest U-Haul migration trends report.
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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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