Towns and cities across the nation cast themselves as “business-friendly” as they seek to attract new facilities and the much-needed jobs that come with them — but a lack of affordable housing could hamper efforts to bring companies and jobs to the West Valley.
A variety of market factors have conspired to drive up rents — including rapid population growth, a shortage of single family houses, and nearly non-existent development of affordable apartments in the area.
Roland Murphy, a Phoenix-based independent consultant and researcher, has analyzed and reported on the commercial real estate market for more than a decade, with particular focus on the multifamily sector.
