Welcome to this week’s update on Landlord Confidential! Today, we’re talking about a soaring opportunity that’s taking shape near Falcon Field in Mesa, Arizona. With Davcon Aviation LLC at the helm, a massive $70 million expansion project is set to redefine the aviation landscape and potentially send local real estate values to new altitudes.
A Closer Look at the Development
Davcon Aviation is expanding its presence with the addition of twelve new hangars and approximately 170,000 square feet of classy office space dedicated to aviation giants. This move isn’t just about adding more space; it’s about creating a hub for corporate jets and turning Mesa into a magnet for aviation businesses.
What This Means for Local Real Estate Investors
If you’ve been circling around the idea of investing in real estate near Falcon Field, here’s why you should consider landing your investments soon:
- Increased Demand: With new businesses flying in, expect a boost in demand for both commercial and residential properties. More workers and more flights mean more tenants and patrons for local businesses.
- Rising Property Values: History shows that real estate values near expanding infrastructure typically see a considerable uplift. The ongoing development promises to enhance the area’s appeal significantly.
- Long-Term Benefits: As Falcon Field grows, the surrounding area could see sustained growth in the aviation sector, which could mean long-term gains for those who invest wisely now.
Strategies for Investors
To make the most of this upswing, consider these strategies:
- Stay Informed: Keep an eye on the progress of the development and any future plans. Being first to the news can give you a competitive edge.
- Think Long-Term: Consider properties that offer long-term rental potential. Think about commercial spaces that could serve aviation-related businesses or residential properties for employees.
- Diversify: Don’t just stick to one type of property. Diversifying your investments can reduce risk and increase potential returns.
Conclusion
The expansion at Falcon Field is more than just a development; it’s a beacon for potential growth in Mesa’s real estate market. For savvy investors, the project represents not just a chance to expand portfolios but also to be part of a transformative phase in the city’s economic landscape.
Remember, the sky’s the limit when it comes to opportunities in real estate near thriving aviation hubs. So, keep your investments flying high and watch as this area transforms into a high-flying real estate hotspot!
Stay tuned for more updates and expert insights right here on Landlord Confidential. Happy investing!