Multifamily housing booms along Chandler’s Price Corridor

AZRE

As Chandler’s booming Price Corridor continues to grow, area homebuyers are driving a new demand for luxury urban living which is fueling new developments like The Cays at Downtown Ocotillo, one of the area’s first upscale condominium developments.

In the past decade, Chandler has gained over 100,000 new residents bringing the total population to nearly 255,000 people, according to the City of Chandler. Now the third largest city in Metro Phoenix, the burgeoning area employs over 30,000 people within the Price Corridor alone across major campuses including Intel, Wells Fargo, General Motors, PayPal and Orbital ATK. Over the next few years, Intel also plans to add an additional 3,000 new jobs to Chandler’s workforce as the company looks to complete its $7B semiconductor facility.

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