April 26, 2024 1:08 am
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Phoenix’s multifamily hot spots

(Phoenix Skyline)

By Laura Calugar | Multi-Housing News

It’s an exciting time to be an investor or developer in Greater Phoenix! The metro’s multifamily market is enjoying some of the most robust activity in its history, mainly fueled by its diverse economy and favorable demographic trends.

According to Yardi Matrix data, multifamily sales totaled more than $8.5 billion in 2021 through September, placing Phoenix among the top spots for investment among major U.S. metros.

Several submarkets and cities in the Greater Phoenix area have been bustling with activity, as large commercial investments generate demand for housing. The $20 billion Intel expansion in Chandler, the $12 billion Taiwan Semiconductor Manufacturing Co. facility taking shape in Deer Valley, and the abundance of industrial facilities in West and Southeast Valley cities, as well as office relocations to Tempe, Scottsdale and Downtown Phoenix, have all resulted in significant boosts for Phoenix’s multifamily market.

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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.