Downtown Phoenix Urban Housing in Demand
Once offered as luxury condos, the 44 Monroe underwent a transformation when ST Residential repositioned the property as for-rent apartments. Occupancy went from 5-percent to 98-percent in less than a year’s time.
As more people are calling Downtown Phoenix home, demand for both residential and commercial space is on the rise.
Excerpt: “The more residents we can attract and accommodate, the more attractive we become to commercial and residential developers,” Downtown Phoenix Partnership’s R.J. Price said. “Having more people here is integral to our arrival as a premier downtown.”
44 W Monroe St, Phoenix AZ 85003