Many investors that have purchased or want to purchase condos in downtown Phoenix want to know demand for rental properties in the core. While I don't currently handle rental property, I can easily see where the demand is going to come from by just driving around and looking at all the development. You see commercial, industrial, educational, services, etc.. sprouting up all over like weeds. The amount of people combined with some highly skilled and well paid positions is going to create a strong demand for good housing in downtown Phoenix. We just don't have enough land to support all of these people who will be making downtown Phoenix their work and hopefully their home. With fuel becoming such a cost of everyone's monthly expense, it's only a matter of time that the economics let alone quality of life and environment concerns will change the fundamental thinking of how we live. This is all good news for urban buyers and not so good news for suburban buyers. M.
Phoenix Urban Living is the premier urban realtor selling loft, high rise, live/work, historic and modern homes and condos in Phoenix, Tempe and Scottsdale. Located in the Roosevelt Arts District at 610 E. Roosevelt Suite 136 Phoenix, AZ 85004. For more information on urban real estate, contact Michael Fitzpatrick at 602-288-8865 or visit www.phoenixurbanliving.com on-line for the most complete, up to date inventory of urban product in Phoenix, Tempe and Scottsdale.
Pretty much a no-brainer as buying becomes more affordable again. Mass transit also will be pressed due to growing suburban need.