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. FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. PLEASE LET ME KNOW HOW I CAN HELP YOU. Call me if you want to sell your property and need an estimated value. Phone: 480-948-5554 Prefer cell: 520-975-5207 or email me walterunger@ccim.net. – What is a CCIM. –
CLICK HERE TO VIEW ALL MY 60 MIL WORTH OF LISTINGS.
By Catherine Reagor| January 26th, 2020
Metro Phoenix is expected to grow by 1 million people during the next decade.
That will be like adding a city the size of San Jose, California or Austin, Texas to the Valley.
The billion-dollar question is where all those new residents will live.
Most of the available land is on the edge of the West Valley and deep into Pinal County in the southeast Valley.
About 5 million people already call metro Phoenix home, and the region already faces infrastructure and housing affordability issues.
Mark Stapp, director of the Master of Real Estate Development program at Arizona State University, acknowledges the challenges.
“There are opportunities with our expected growth, but there are also issues that need to be addressed now,” Stapp said at an ASU event this past week called “Where will we put another 1 million people?”
Top Arizona developers and planners attended the meeting, which focused on how to accommodate the Valley’s next growth spurt.
VALLEY GROWTH SHIFT
About 35% of the Valley’s current population lives in Phoenix, 34% live in the East Valley, 22% in the West Valley and 10% in Pinal County, according to MAG.
In 25 years, metro Phoenix is expected to grow to 7 million people.
The growth is expected to shift with the population spread out like this: 30% living in Phoenix, 27% in the East Valley, 28% in the West Valley and 15% in Pinal.
ROADS AND WATER
But that growth cannot happen without the roads, water, sewer, electricity, jobs and shopping to support and serve it.
A massive investment in infrastructure is necessary for the thousands of new homes, retail centers and job hubs that would accommodate another million people.
Historically, new Valley homes have gone up before the freeways to serve them, straining existing transportation systems.
Eric Anderson, executive director of the Maricopa Association of Governments, said about 50 percent of Pinal residents currently commute to Maricopa County.
“About 100,000 people are stuck on Hunt Highway every day because there’s not enough money to fund that roadway’s expansion,” he said.
Pinal’s sales tax funding for freeways is about $18 million, barely enough to fund an interchange.
In the West Valley, an extension of the Loop 303 and construction of a new Interstate-11 west of the White Tanks, are also behind because of a lack of freeway funding. Maricopa County has about $460 million for freeway funding from sales tax proceeds.
Water is a wild card. It’s unknown whether every growth area will have a guarantee of adequate water supply for the foreseeable future. There are long-term questions about whether there is enough water to accommodate the expected growth in places such as Pinal County and Buckeye.
A recent report from ASU’s Kyl Center for Water Policy says there likely won’t be enough water available from the Central Arizona Project in the long term to replenish the groundwater used by all of the homes that are being planned.
“Metro Phoenix has plenty of land for growth,” said real estate expert Greg Vogel, CEO of Arizona Land Advisors Organization. “The issue is the cost of infrastructure and services for the land to be developed.”
MORE AFFORDABLE ROOFTOPS
Metro Phoenix’s relatively affordable housing prices have long driven the region’s growth. But rapidly rising home prices and rents are outpacing income gains, making the Valley much less affordable.
Homes priced at $300,000 or below — that Valley residents making the area’s median income can typically afford — already are in short supply.
To keep pace with growth, home builders need to construct more houses than they are now with prices that new residents can afford. About 23,000 new homes are expected to go up Valleywide this year.
“Builders can’t bring homes to market fast enough to meet demand now,” Arizona housing analyst Jim Belfiore said at the event. “That is pushing up prices, and pricing out a growing number of people from being able to buy.”
Zoning changes to allow greater density in new communities could help, most of the group agreed. But that would be up to Valley cities.
More jobs also are needed near Valley edge communities where new affordable homes can go up. Long commutes for residents mean higher transportation costs and make the decision to live in the outskirts less affordable.
“We have to watch our affordability, water, air and transportation challenges,” Vogel said. “We are doing better than other big metros handling those issues, but we could do a helluva lot better.”
Reach the reporter at Catherine.Reagor@arizonarepublic.com or 602-444-8040. Follow her on Twitter @Catherinereagor.
SEE IT ALL WITH VIDEO: https://streetscout.com/news/article/metro-phoenix-population-growth-city-to-add-million-people-by-?ct=t(The_SAAR_News_02_02_20)
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. Investors and Owner / Users need to really know the market today before making a move. The market has a lot of moving parts. 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 your needs. I am marketing my listings on Costar, Loop-net, CCIM, CREXi, Catylist, and various other web sites. 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. Are you ready to sell or purchase your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County and Pinal County, Arizona, please call me?
Click here to find out what is a CCIM: https://en.wikipedia.org/wiki/CCIM
CLICK HERE TO VIEW ALL MY 60 MIL WORTH OF LISTINGS.
https://www.crexi.com/properties?searchBrokerId=17513
http://walter-unger.com/gold-canyon-resort-sells-for-29-4m/
Walter Unger CCIM
Associate Broker
West USA Commercial Division
7077 E MARILYN RD.
Suite 200, Building 4.
Scottsdale AZ, 85254
Phone: 480-948-5554
Cell: 520-975-5207
History of Arizona from 900 BC – 2017 -Timeline.
History of Arizona from 900 BC – 2017 -Timeline.
History of Arizona from 900 BC – 2017 -Timeline.
WHY PHOENIX? AMAZING!!! POPULATION IN 1950 – 350 K PEOPLE; “NOW 5 MIL”. – “5TH. BIGGEST CITY IN USA”
- DEMOGRAPHIC FACTS ABOUT MARICOPA COUNTY:
Walter Unger CCIM – walterunger@ccim.net – 1-520-975-5207 – http://walter-unger.com
Timeline of Phoenix, Arizona history
Facts of Arizona – year 1848 to 2013
CLICK HERE: Arizona Opportunity Zones As We Understand /maps. Interested!!! Please contact me.
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.
Walter Unger CCIM
Associate Broker
West USA Commercial Division
7077 E MARILYN RD.
Suite 200, Building 4.
Scottsdale AZ, 85254
Phone: 480-948-5554
Cell: 520-975-5207
FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. PLEASE LET ME KNOW HOW I CAN HELP YOU PLEASE CALL ME
CLICK HERE TO VIEW ALL MY 60 MIL WORTH OF LISTINGS.
https://www.crexi.com/properties?searchBrokerId=17513
Also Call me if you need an estimated value of your Property.
Call me if you want to see a map with what is in the Construction Pipeline for Apartments.
Prefer cell: 520-975-5207, or email me walterunger@ccim.net. CLICK HERE TO VIEW ALL MY LISTINGS.
Check out my professional profile and connect with me on LinkedIn.
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.
Please reply by e-mail walterunger@ccim.net or call me on my cell 520-975-5207
Reasons to Consider me for Commercial Referrals
Delivering the New Standard of Excellence in Commercial Real Estate
- Commercial Real Estate Scottsdale
- Commercial Real Estate Phoenix
- Commercial Real Estate Arizona
- Commercial Investment Properties Phoenix
- Commercial Investment Properties Scottsdale
- Commercial Investment Properties Arizona
- Land Specialist Arizona
- Arizona Land Specialist
- Land Specialist Phoenix
- Phoenix Land Specialist
- Land For Sale Phoenix
- Land for sale Arizona
- Commercial Properties For Sale Phoenix
- Commercial Real Estate Sales Phoenix
- Commercial Properties Phoenix
- Commercial Properties Arizona
- Commercial Land Specialist Phoenix
- Commercial Land Phoenix
- Multifamily land Phoenix
- Retail Land Phoenix
- Industrial Land Phoenix
- Land Commercial Phoenix
- Land Retail Phoenix
- Land Industrial Phoenix
- Land Multifamily Phoenix
- Industrial Land for sale Phoenix
- Land Industrial
- P
- Investment Real Estate
Disclaimer of Liability
The information in this blog-newsletter is for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided “as is,” with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness