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Updated about 7 years ago on . Most recent reply

Rik Chatterjee's profile image
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Rik Chatterjee
  • Rental Property Investor
  • from Phoenix, AZ
  • Member since Jan 25, 2018
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Rik Chatterjee
  • Rental Property Investor
  • from Phoenix, AZ
  • Member since Jan 25, 2018
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Rik Chatterjee
  • Rental Property Investor
  • Phoenix, AZ
7
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Phoenix Real Estate Forum

Impact of new rental units being constructed in Phoenix

Rik Chatterjee
  • Rental Property Investor
  • Phoenix, AZ
Posted

Hi All,

Wondering what are your thoughts on this news/report? http://www.azfamily.com/story/33359170/phoenix-ren...

I am sure this has been noticed by most. I wanted to open it up for discussion. Do you think this is a threat to small/individual investors?

Phoenix, Arizona
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Cara Lonsdale
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  • from Scottsdale, AZ
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Cara Lonsdale
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Cara Lonsdale
  • Realtor and Investor
  • Scottsdale, AZ
Replied

That news article is over a year old.

Rental rates have been pretty strong in the Northeast Phx and Scottsdale areas.  In fact, even Peoria and parts of the West Valley have also seen good rental increases.

So, I wouldn't worry about a bunch of high scale rentals going up anywhere in the valley.

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