Downtown PHX has been growing decently in recent years.

The education and health services sector alone added 23,800 jobs in the past year, reflecting a significant expansion in these industries, particularly in healthcare and social assistance​.Proximity to Major Employment Centers: Greater Heights offers convenient access to key employment hubs such as downtown Houston and the Galleria area, which are major attractors for residents due to the short commute and abundant job opportunities​.Education: Nearby institutions like University of Houston and Rice University contribute to the area's appeal.Infrastructure Projects: Ongoing developments like the East Blocks Redevelopment and BioHub II at Generation Park enhance local amenities and attractiveness.Investment InsightsGreater Heights Rental Market Trends:Single-Family House Rentals:Median Rent: $1,350 for 1 bedroom, $2,695 for 2 bedrooms, $3,250 for 3 bedrooms, and $6,100 for 4+ bedrooms​​.Stability in rent prices with modest YoY increases: 2 bedroom rents increased by $195, and 3 bedroom rents by $250​​.Median Sold Price YoY ComparisonApartment Rentals:1 bedroom apartments saw a YoY increase of $305, 2 bedroom apartments by $667, indicating strong demand for these unit types​​.Available Rentals:High availability of both house and apartment rentals, indicating a robust market that can support new rental investments​​.Sales Market Trends:Median Sale Prices:Significant appreciation in home values, particularly in 1-bedroom homes, which saw a 190.7% increase from $215K to $625K​​.Other bedroom counts also showed positive appreciation, e.g., 2 bedrooms (5.3%), 3 bedrooms (6.5%), 4 bedrooms (17.4%)​​.Market Activity:Increased number of homes for sale and sold, suggesting a dynamic and active real estate market.

The taxes are high and their building codes are strict to ensure the homes stay historic looking.Note: You can definitely open an AirBnB in Cleveland but it would have to be a condo downtown for $240k or so that allows it.

Downtown Madison (35758) will always have enormous demand, but the area doesn't cash flow. 

We have an incredible amount of homes around downtown Bloomington that are 100+ years old that have nearly all been turned into 2-4 unit buildings.

The property is a double lot and 3 bed 3 bath, but my thinking is it is rare to have the chance to own 3 lots in a Downtown area that is quickly being converted into townhome and higher density living.

I had a cabin burn to the ground a few years ago near downtown Gatlinburg, and spent a small fortune building a timber frame log cabin out of thick yellow pine logs.

theres is a quarterly event in downtown okc called The Room its at umb bank & its  all real estate people in the room i think the next one is july 

I work remotely and would welcome the opportunity to meet experienced investors for coffee in downtown Raleigh to gain insights.      

Our Medical districts are expanding, Our downtown is booming and growing.