November 5, 2024 2:09 pm
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While Phoenix ranks high in rent growth, rent remains affordable

AZBigMedia

A recent report found that Phoenix ranked 7th nationally among the top 10 metropolitan areas for rent growth in Q4 2017. During that time, the city saw a 4.4 percent rate hike, continuing its trend of reported rent increases above 4 percent for almost four years. 

State business experts said this hike is a result of a robust apartment market that continues to grow, fueled by an active construction market that keeps up with apartment demand from an influx of new, young residents into the city. 

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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.