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Penske Opens New Facility In Phoenix

Buisness Facilities Contributed Content

Penske has opened a new truck rental, leasing and maintenance facility in Phoenix. PRNewsFoto/Penske Truck Leasing). Penske Truck Leasing held a grand opening event in Phoenix to introduce a new state-of-the-art facility. ” The post Penske Opens New Facility In Phoenix appeared first on Business Facilities.

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Are You Ready for Build to Rent?

Pro Builder

More builders and investors are testing the waters of the single-family build-to-rent sector as consumers seek affordable housing options and to lease rather than buy. announced it was selling five of its communities in Phoenix, a total of 943 homes, to an affiliate of The Inland Real Estate Group of Companies , in Oak Brook, Ill.

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Single-Family Rental Sector Gains Exceed Expectations

Pro Builder

John Burns Real Estate Consulting’s Single-Family Rent Index tracks 63 markets and found lease effective rates up 6% year-over-year in July, with the historical average being 3%. Rental demand is intense in Phoenix, Ariz., Riverside-San Bernardino, Calif., and Atlanta with growths up 13%, 12%, and 11%, respectively.

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Single-Family Rental Prices Jump at the End of 2021

Pro Builder

As sellers take the upper hand in a competitive housing market, landlords are also set to end the year on a high note thanks to a steady increase in new lease effective rents during the final months of 2021. Record-high 18% same-home new lease rent growth. In aggregate the SFR REITs reported in 3Q21: 98% same-home occupancy.

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Rental Markets Brace for Soaring Prices in 2022

Pro Builder

The cost of leasing an apartment will rise nearly everywhere across the U.S., leading to rent increases in Sun Belt cities like Phoenix, Las Vegas, and Tampa. Rental Markets Brace for Soaring Prices in 2022. Wed, 01/26/2022 - 10:17. but these 10 markets are expected to see the biggest changes.

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Monthly Mortgage Payments Outpace Rental Costs Nationwide

Pro Builder

A new report released by John Burns Real Estate Consulting earlier this month revealed that having a mortgage costs, on average, $839 more per month than having a lease, making renting the more affordable option for most Americans. and Phoenix. Renting is becoming more affordable than buying a home in most metros across the U.S.,

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Innovation Is Thriving In Arizona

Business Facilities

Boasting a population of nearly 500,000, Mesa is the 36th largest city in the United States and second largest in the Phoenix-Mesa metro area. After leasing the U.S. AZLabs is located adjacent to the Phoenix-Mesa Gateway Airport making it a strategic location for unmanned and autonomous vehicle research and operations.

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