Phoenix Q4 Market Insights: Renter demand cools despite continued job gains
1/ 30/ 2023Highlights: Read the report
Phoenix Q3 Market Insights: Softer multifamily conditions despite continued job gains
10/ 20/ 2022Highlights: While the local economy is still growing at a steady pace, operating conditions in the Phoenix multifamily market cooled in recent months. Future growth drivers remain healthy, and current property fundamentals are stronger than the market’s long-term averages. Vacancy…
Phoenix Q2 Multifamily Market Insights: Investment activity gains momentum, prices push higher
7/ 25/ 2022Highlights: Construction of new units is accelerating in the Phoenix multifamily market, and the quickening pace of development is bringing supply and demand closer to equilibrium. Apartment construction levels should remain elevated for the next several quarters. Vacancy has trended…
Phoenix Q1 Multifamily Market Insights: Investment Activity in 1Q Ahead of 2021 Pace
5/ 18/ 2022Highlights: Apartment properties posted mixed performance in the first quarter with rents rising, investment activity elevated, but a rise in vacancy. The mixed conditions followed a year of unprecedented growth in 2021, and the market is forecast to remain healthy…
Phoenix Q4 Multifamily Market Report: After a Year of Rapid Growth, Further Gains Likely in 2022
2/ 2/ 2022Highlights: The Phoenix multifamily market recorded its strongest year on record in 2021. Continued demand fueled rent growth that was as rapid as any major market in the country. Developers are moving projects through the construction pipeline to keep pace…
Phoenix Q3 Multifamily Market Insights: Rapid Rent Growth Fueling Investment Market
12/ 9/ 2021Highlights: The Phoenix multifamily market continued to post some of the strongest operating conditions in the country during the third quarter. Rents spiked again, building on gains from the preceding three months, while vacancy rates ticked lower for the fifth…
