Realty One Group Commercial

Arizona continues to experience growth. Every month, more people are flocking in. An increase in the number of people translates into greater demand for rentals, and such demand remains constant. Multifamily properties duplexes, quad units, and large rental buildings fare well in fast-growing states. Renters are looking for homes near jobs, stores, and main thoroughfares. Investors want a market characterized by movement, strong yields, and long-term solid value. And Arizona does offer that. New rental demand is coming to Phoenix in great amounts. Above all, Phoenix offers some major employment centers, strong population growth, and steady demand for renters. Tucson grows more slowly than Phoenix, and yet rents there remain stable and predictable throughout the year. There is a sizable demand for rentals in Mesa and Glendale, as they are accessible to large employment centers. On the other hand, Scottsdale attracts more affluent renters. It is the high-income tenants rather most of t...