By Merle Fishler | AZRE
It is obvious the Valley is landlocked, but not all of that land is up for grabs.
Only 17 percent of land in Arizona is private land available for development. The public state trust owns a majority of the undeveloped land in the state.
“I felt this is a well-kept secret,” said Kuldip Verma, CEO of Vermaland, one of the largest landowners in Arizona.
This will cause a scramble for land as developers try to tie up the remaining land and, once those are spoken for, developers will have a difficult time to find land for their projects, Verma said.
