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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