A developer compares Arizona land prices to Chicago's strategy and ranks the best markets to build in: Tucson first, then Mesa, South Phoenix, and Glendale. The approach focuses on infill corridors and repeatable product types.
Tempe is aggressive on all those things, Mesa, Glendale, and Tucson. So the areas of Arizona that can follow that Chicago model, they give us the step-by-step breakdown of how to do that, identify the infill corridors, build a land pipeline, partner with the cities, create repeatable products, and then move on. So Arizona land is more expensive than Chicago city-owned inventory. That's a no-brainer. Plus the cost of everything is much higher. So to get the best overall strategic targets, going to Tucson is more important. You going down Mesa's the next one, South Phoenix, then Glendale. So the smartest plays are gonna be in those areas.
