November 18, 2024 4:45 am
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Rental price leap has developers eyeing Surprise

Hancock Builders, LLC construction crew prepares the land for the future Cottages on Greenway Tuesday, March 14, 2017 near Greenway Road and Litchfield Road in Surprise. /Jacob Stanek/Independent Newsmedia

Marley Park residents join Sanalina in outcry against plans nearby

By Richard Smith | Independent Newsmedia

A combination of rapid rental rate growth, available land zoned for medium- to high-density residential use and a lack of supply have developers lining up rental property proposals in Surprise.

Surprise Community Development Director Eric Fitzer cited a report earlier this month by rentcafe.com using Yardi Matrix apartment data. That report shows monthly rent growth in Surprise during 2016 outpaced every other city in the Valley at 12.6 percent, Mesa was second at 9.1 percent.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.