April 25, 2024 5:59 pm
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Why downtown Phoenix rents are soaring

By Catherine Reagor | Arizona Republic

Downtown Phoenix has gone from being an affordable area with only a few upscale apartments to one of the most expensive places to rent in the Valley in less than 20 years.

The area has drawn more new high-cost apartment high rises than any other part of metro Phoenix, and many more are planned.

Rent for a one-bedroom in The Stewart tower near Central Avenue and Roosevelt Street can top $2,000. And the monthly cost for a three-bedroom apartment in a high rise at 700 N. 4th Street is listed at more than $3,500.

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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.