A huge swath of land on the western edge of metro Phoenix has drawn an $80 million investment from Microsoft founder Bill Gates' investment group, a move that could change the region’s future growth. A group controlled by billionaire Gates' Cascade Investment LLC recently bought a significant stake in the 24,800-acre Belmont development near the White Tank Mountains, according to property records.
USAA plans to add 1,000 new technology jobs to its Phoenix office between now and the end of 2020, the company announced today. The San Antonio-based insurance, banking, investment and retirement products company opened a north Phoenix office off Interstate 17 and Happy Valley Road in 2001 and has 4,500 local employees.
Renter demand for apartments continued to accelerate in the third quarter of 2017 as the market absorbed more than 70,000 units and the overall national vacancy rate for U.S. apartments continued to trend lower after turning sharply up at the end of last year. "The third quarter (vacancy) numbers are a welcome sign (for owners) after the sharp increase at the end of last year. Overall, it was a strong third quarter, which was a nice surprise," said Michael Cohen, CoStar director of advisory services, during this week's State of the Multifamily Market Q3 2017 Review and Outlook.
16,704 Units Under Construction
In addition to the 16,704 units currently under construction, there are 11,837 planned and 12,019 units noted as Prospective. That's a total of 40,560 units.
Email Jim for detailed list of new construction or use the map link above.
Map of Apartments Available
We keep track of all apartments advertised. The interactive map shows the location and quantity of units advertised in Phoenix Metro area.
CLICK HERE for a detailed list of Apartments Available or use the map link above.