AZBigMedia
North Phoenix, specifically the Deer Valley area, is proving to be a hot spot for industrial real estate, according to DAUM’s Vice Presidents Chris Rogers and Trevor McKendry. As investors continue to choose Phoenix to build and develop properties, Deer Valley ranks high for multiple reasons.
Deer Valley has benefited from strong economic underpinnings as the housing market continues to rise. 2017 was a strong year for home sales in Phoenix, and the North Phoenix market is a testament to this with USAA and Sunbelt Holdings’ Union Park at Norterra residential development underway, along with Taylor Morrison and Pulte’s Sky Crossing. Both developments are within a four-mile diameter of the Deer Valley Airpark submarket and can deliver upwards of approximately 4,000 units. Rogers and McKendry, brokers specializing in Deer Valley, said with an uptick in home sales comes with increasing job growth, access to newer affordable living, and ultimately expansion for companies.
