November 15, 2024 12:03 am
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Downtown Phoenix development makes it harder to find a place to live

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AZBigMedia

Downtown Phoenix development may provide opportunities, but for some residents, the construction has only made it harder to find an affordable place to live.

By 2020, the Downtown Phoenix population is predicted to grow from 17,000 to 18,384.

According to Sara Scoville-Weaver, Business Development Manager at Downtown Phoenix Inc., the population growth has created a 5.8 percent increase in rental prices.

Since 2004, $5.5 billion has been invested into the development of downtown Phoenix alone.

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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.