{"id":180994,"date":"2024-05-14T14:41:40","date_gmt":"2024-05-14T14:41:40","guid":{"rendered":"https:\/\/capitalsq.com\/?post_type=expertise&p=180994"},"modified":"2024-08-15T13:32:26","modified_gmt":"2024-08-15T13:32:26","slug":"phoenix-job-growth-booming-build-for-rent-demand","status":"publish","type":"expertise","link":"https:\/\/capitalsq.com\/expertise\/phoenix-job-growth-booming-build-for-rent-demand\/","title":{"rendered":"Phoenix Rising: Job Growth & Booming Build-for-Rent (BFR) Demand"},"content":{"rendered":"

Phoenix, Arizona was recently named among the country\u2019s new \u201cJob Hot-Spots\u201d by the Wall Street Journal<\/a>. The tech industry may have once centered around locations like Silicon Valley, but in recent years, cities across the country have become a part of the boom in innovation. Phoenix is the fifth largest city in the U.S. and a new hub of futurist technologies, including self-driving taxis and food-delivery robots. Blockchain and cybersecurity sectors also thrive in this Arizona city. In addition, the metro area\u2019s depth in healthcare, aerospace and defense, semiconductors and advance business services mean Phoenix\u2019s intellectual capital is thriving. As the Wall Street Journal notes, the Phoenix metro area was ranked #3 in the U.S. for job growth between 2018 and 2023.<\/p>\n\n

Along with its surrounding suburbs \u2013 locales like Glendale, Scottsdale, Gilbert, Chandler, and Mesa \u2013 Phoenix is seeing significant population growth<\/a> in connection with these increased job opportunities.<\/p>\n\n

Moreover, where there is job growth, housing demand follows. Phoenix was recently named the #2 major U.S. metro market for rental demand, according to analysis from RealPage<\/a>.<\/p>\n\n

This leads us to Capital Square\u2019s development initiatives. At the foundation of every Capital Square acquisition and development is the property\u2019s market. Cities that have demonstrated successful growth and booming future potentials are of special interest in our data-driven market selection process. The greater Phoenix area meets exactly the criteria we pursue.<\/p>\n\n

Build-for-rent (BFR)<\/a> developments have become a strategic focus of Capital Square. This unique asset class creates rental housing for growing families often stretched beyond the limitations of traditional apartment communities. While a housing crisis exists in much of the United States, single-family rentals are a unique demand. Combining population shifts to the region and the gap of needed rental homes, we see great potential in BFR development in the Phoenix area, specifically in the suburb of Glendale.<\/p>\n\n

Glendale, Arizona<\/a> blends historic charm with the nation\u2019s finest in sports, shopping, dining, the arts and stunning outdoor beauty. It\u2019s a city with a strong track record and extraordinary possibilities.<\/p>\n\n

At Capital Square, we invest and develop in gateway, secondary and tertiary markets, sponsoring investments with potential returns designed to satisfy investors\u2019 specific goals. \u201cJob hot spots\u201d and cities with booming in-migration are locations we watch closely, and we\u2019re thrilled to increase our presence in the Phoenix area.<\/p>\n\n

Discover more about our DST<\/a>, OZ fund<\/a>, development fund<\/a> and REIT<\/a> investment opportunities, then contact our team<\/a> or your registered representative.<\/p>\n\n

\n\n

Disclaimer: Securities offered through WealthForge Securities, LLC, Member FINRA\/SIPC. Capital Square and WealthForge Securities, LLC are separate entities. There are material risks associated with investing in DST properties and real estate securities including illiquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning\/operating commercial and multifamily properties, short term leases associated with multi-family properties, financing risks, potential adverse tax consequences, general economic risks, development risks, long hold periods, and potential loss of the entire investment principal. Past performance is not a guarantee of future results. Potential cash flow, returns and appreciation are not guaranteed. IRC Section 1031 is a complex tax concept; consult your legal or tax professional regarding the specifics of your particular situation. This is not a solicitation or an offer to see any securities. Please read the Private Placement Memorandum (PPM) in its entirety, paying careful attention to the risk section prior to investing. Diversification does not guarantee profits or protect against losses. Private placements are speculative.<\/p>","protected":false},"excerpt":{"rendered":"

Phoenix, Arizona was recently named among the country\u2019s new \u201cJob Hot-Spots\u201d by the Wall Street Journal. The tech industry may have once centered around locations like Silicon Valley, but in …<\/p>\n","protected":false},"author":[40],"featured_media":180996,"template":"","meta":{"featured_image_background_position":"","promoted":false,"priority":"","footnotes":""},"categories":[26,25],"tags":[31],"content-type":[39],"investment":[],"class_list":["post-180994","expertise","type-expertise","status-publish","has-post-thumbnail","hentry","category-city-spotlight","category-investment-insights","tag-build-for-rent","content-type-article","author-capital-square-team"],"yoast_head":"\nPhoenix Rising: Job Growth & Booming Build-for-Rent (BFR) Demand - Capital Square - Raising capital, buildings and expectations<\/title>\n<meta name=\"description\" content=\"We see great potential in build-for-rent (BFR) development in the Phoenix area, specifically in the suburb of Glendale.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/capitalsq.com\/expertise\/phoenix-job-growth-booming-build-for-rent-demand\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Phoenix Rising: Job Growth & Booming Build-for-Rent (BFR) Demand - 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