How to say the price of land in the center of the city is soaring. in Japanese

1)市(shi) (n) market/fairの(no) (prt) indicates possessive/nominalizes verbs and adjectives/substitutes for "ga" in subordinate phrases/indicates a confident conclusion/ indicates emotional emphasis/indicates question中心部中心部(chuushinbu) (n) central part/heartの(no) (prt) indicates possessive/nominalizes verbs and adjectives/substitutes for "ga" in subordinate phrases/indicates a confident conclusion/ indicates emotional emphasis/indicates question地価地価(chika) (n) the price of landが(ga) (prt) indicates sentence subject/indicates possessive/but/however/still/and高騰高騰(koutou) (n,vs) sudden price jump/steep price riseし(shi) (num) 10^24/septillion/quadrillionているている(teiru) (v) an "ing" form of the previous verb。(。) Japanese period "."    
shi no chuushinbu no chika ga koutou shiteiru 。
Grammer form日常会話 (Casual form)Casual form (nichijoukaiwa)
everyday casual language, commonly used between friends and family.
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