article thumbnail

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.

Phoenix 53
article thumbnail

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.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Single-Family Rental Prices Jump at the End of 2021

Pro Builder

Landlords take on new leverage as a sellers market trickles down to the rental industry. 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. Tue, 12/21/2021 - 10:00.

article thumbnail

Rental Markets Brace for Soaring Prices in 2022

Pro Builder

The cost of leasing an apartment will rise nearly everywhere across the U.S., Though the multifamily rental industry struggled at the start of the COVID-19 pandemic in early 2020 as rising unemployment left many residents unable to afford rent, the market made a strong recovery in 2021 with a total of 673,000 units rented for the year.

article thumbnail

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.

Phoenix 105
article thumbnail

Women in Construction: Stephanie Kretchmar Turns Glitter into Gold

Pro Builder

Women in Construction: Stephanie Kretchmar Turns Glitter into Gold qpurcell Fri, 03/10/2023 - 11:27 In honor of Women in Construction Week, Utopia conducted a Q&A with several women in the construction industry. Here's her story on industry passion, pains, and shifting perspectives for women in construction. is one such woman.

article thumbnail

Oscar Expands In Arizona

Buisness Facilities Contributed Content

After a competitive process, Oscar selected Tempe for its newest location after working with economic development representatives from the Greater Phoenix region, including the Greater Phoenix Economic Council , the city of Tempe and Arizona Commerce Authority. “Oscar’s lease brings that vision full circle.

Arizona 40