Rent Survey | January 2017 / PHOENIX # 4 – Multifamily Rents Flex Muscles in 2017 Kick-Off

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MATRIX MONTHLY

Average U.S. monthly rents rose by $5 in January, demonstrating strength to start the year after a seasonal flattening at the end of 2016. Rents increased to $1,315, according to Yardi Matrix’s monthly survey of 124 markets. On a yearover-year basis, rents were up 4.6% nationwide in January, a 30-basis-point increase from December, though still 240 basis points below the recent high of 7.0% in January 2016. With a handful of exceptions, rent gains continue to be led by the high-population growth centers in the West and South. In fact, of the 15 metros that beat the national average in our Matrix Monthly survey of top 30 markets, all but one (Minneapolis) could be characterized that way. Sacramento (10.5%) once again tops the survey, followed by Seattle (8.4%), where high demand has led to resiliency in rent growth despite a large amount of new supply, and the Inland Empire (7.6%), which, like Sacramento, has high barriers to development and is underserved by new supply. Interestingly, the worst-performing metros—Houston (0.7%), San Jose (0.9%) and San Antonio and San Francisco (2.8%)—are situated in the same regions. Houston and San Jose are the only two metros below the longterm average of 2.7%. The surprisingly robust start to the year demonstrates the industry’s ongoing positive fundamental drivers, which aren’t expected to change significantly in 2017, even if rents are likely to decelerate slightly due to the growth in supply in many metros. Positive demand drivers include the increase in the number of Millennials and Baby Boomers, the growing propensity for older Americans to rent and the healthy economy that has produced steady improvement in employment and household formations. All of these factors are multi-year trends that have more years to run, which has led to a great deal of optimism in the multifamily market, although concerns remain about the amount of supply being added in many metros

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SEE IT ALL: pdf.

Yardi-Matrix-Monthly-Jan-2017 (1)

 

 

“You miss 100 percent of the shots you never take, and if you think it’s expensive to hire a professional to do the job, wait until you hire an amateur “  

 

FROM ME:

Now is the time, if you are thinking of selling or purchasing your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County, Pinal County, Arizona / Office  / Retail  / Industrial  / Multi-family /  please call me on my cell 520-975-5207 or e-mail me     walterunger@ccim.net

Phoenix Commercial Real Estate and Investment Real Estate: Investors and Owner / Users need to really know the market today before making a move in owner user Commercial Properties, Investment Properties and land in Phoenix / Maricopa County, Pinal County / Arizona, as the market has a lot of moving parts today. What is going on socio-economically, what is going on demographically, what is going on with location, with competing businesses, with public policy in general — all of these things affect the quality of selling or purchasing your Commercial Properties, Commercial Investment Properties and Commercial and large tracts of Residential Land  Therefore, you need a broker, a CCIM (Certified Commercial Investment Member) who is a recognized expert in the commercial and investment real estate industry and who understands Commercial Properties and Investment Properties.

I am marketing my listings on Costar, Loop-net CCIM, Kasten Long Commercial Group.  I also sold  hundreds millions of dollars’ worth of  Investment Properties / Owner User Properties in Retail, Office Industrial, Multi-family and Land in Arizona and therefore I am working with  brokers, Investors and Developers. I am also a CCIM and through this origination ( www.ccim.com ) I have access to marketing not only in the United States, but also international.  Click here to find out what is a   CCIM:  

https://en.wikipedia.org/wiki/CCIM

 

 

WEEKLY LAND CLOSING UPDATE / THROUGH February 10, 2017 / Phoenix Arizona Metro, Maricopa County, Pinal County.

http://walter-unger.com/weekly-land-closing-update-through-february-10-2017-phoenix-arizona-metro-maricopa-county-pinal-county/

 

WEEKLY APARTMENT CLOSING UPDATE / THROUGH  February 10, 2017 /  Phoenix Arizona Metro

http://walter-unger.com/weekly-apartment-closing-update-through-february-10-2017-phoenix-arizona-metro/

 

WEEKLY APARTMENT CLOSING UPDATE / THROUGH  February 3, 2017 /  Phoenix Arizona Metro

http://walter-unger.com/weekly-apartment-closing-update-through-february-3-2017-phoenix-arizona-metro/

 

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Are you ready to sell or purchase your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County and Pinal County, Arizona, please call me.

http://walter-unger.com/are-you-ready-to-sell-or-purchase-your-land-or-commercial-building-in-phoenix-scottsdale-maricopa-county-and-pinal-county-arizona-please-call-me/

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I am actively looking to build relationships with Real Estate Investors and Owner Users to  broker  your land or commercial buildings in Phoenix / Scottsdale /Maricopa County  / Pinal County / Arizona.

http://walter-unger.com/i-am-actively-looking-to-build-relationships-with-real-estate-investors-and-owner-users-to-broker-your-land-or-commercial-buildings-in-phoenix-scottsdale-maricopa-county-pinal-c/

 

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Phoenix projected as number one US housing market for 2017

http://walter-unger.com/phoenix-projected-as-number-one-us-housing-market-for-2017/

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Why Phoenix?  This is a very interesting article, you should read it, amazing, there were only 350 K people living in Phoenix in 1950

http://walter-unger.com/why-phoenix-2/

 

Reasons to Consider me for Commercial Referrals – I have the Knowledge and Experience                                                                                                                         

http://walter-unger.com/i-have-the-knowledge-and-experience-to-provide-the-best-service-to-your-clients/

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Click here to View My Listings and Profile

http://www.loopnet.com/profile/14101172900/Walter-Unger-CCIM/Listings/

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Click here to find out what is a CCIM:

https://en.wikipedia.org/wiki/CCIM

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Click here to view my website:

http://walter-unger.com/

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Click her to join my mailing list :      

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Walter Unger CCIM –  walterunger@ccim.net   – 1-520-975-5207  –  http://walter-unger.com

2016 Official Arizona Visitors Guide

Visit Arizona

Why Phoenix?  This is a very interesting article, you should read it, amazing, there were only 350 K people living in Phoenix in 1950

http://walter-unger.com/why-phoenix-2/

 

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Timeline of Phoenix, Arizona history

 

http://en.wikipedia.org/wiki/Timeline_of_Phoenix,_Arizona_history

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Phoenix, Arizona

 

http://en.wikipedia.org/wiki/Phoenix,_Arizona

 

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Facts of Arizona – year 1848 to 2013

http://walter-unger.com/?p=9507

Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Properties in Phoenix, Tucson, Arizona.

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walterunger@ccim.net

1-520-975-5207

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Check out my professional profile and connect with me on LinkedIn.

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  1. Interactive Map Of All 10+ Unit Apartment Listings in Metro Phoenix

http://www.easymapmaker.com/map/28cb3b8b3206c377a6f282d980dc7974

 

  1. Interactive  Metro Phoenix Map of New Apartment Construction by Completion Status

http://www.easymapmaker.com/map/955edc17e00b08ce270fb7afb1523cc2

 

 

Kasten Long Commercial Group tracks all advertised apartment communities, including those advertised by other brokerages.  The interactive map  shows the location of each community (10+ units) and each location is color coded by the size (number of total units). 

Click here for Map of Apartments for Sale (10+units)

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Walter Unger CCIM, CCSS, CCLS

I am a successful Commercial / Investment Real Estate Broker in Arizona now for 20 years.  If you have any questions about Commercial / Investment Properties in Phoenix or Commercial /  Investment Properties in Arizona,  I will gladly sit down with you and share my expertise and my professional opinion with you. I am also in this to make money therefore it will be a win-win situation for all of us. 

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Please reply by e-mail walterunger@ccim.net or call me on my cell 520-975-5207

 

www.Walter-Unger.com

 

Walter Unger CCIM

Senior Associate Broker

Kasten Long Commercial Group

5110 N 40th Street, Suite 110

Phoenix , AZ 85018

Direct:    520-975-5207  

Fax:       602-865-7461

walterunger@ccim.net

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www.KLCommercialGroup.com

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