Real Estate Along The Phoenix Metro Light Rail May Be A Good Investment

I wrote, a few days ago, that rents in Phoenix were higher over last year and that this trend was common to many of the western states.  Well, some areas within Phoenix have had greater than average rental growth and lower vacancies.  One of those areas is along the Metro Light Rail Route.

Photo is from Metro Light Rail Website

I can concur with this as all of my rental homes and multifamily apartments along the light rail route have had very generous rent increases, more so than in other areas.  This, despite the fact that its not done yet.  But, the buzz is out and people are getting ready.  For some, looking for office space in Central Corridor its a shock as explained in this article on AZCentral.com.  Several of my colleagues who study the commercial market and multifamily market closely agree that, at least, for the next few years this will be a good place to put your real estate money.  I agree, and that is exactly what I recommend and what I am doing.  If you are interested in purchasing real estate, especially multifamily investment apartments along the Phoenix Metro Light Rail call me, Artur at 602.628.4349.