Highlights: The Phoenix multifamily market recorded a very strong 2019, with rents posting sizable gains and vacancy creeping lower. Conditions cooled slightly during the fourth quarter, which may be an early indication of a more modest pace of growth in…

Highlights: The Phoenix multifamily market continued to post robust performance during the third quarter. Even as more than 3,200 units came online, the vacancy rate dipped and rents continued their upward climb. Asking rents reached $1,163 per month in the…

Highlights: The Greater Phoenix multifamily market posted healthy performance during the second quarter. Renter demand is being fueled by continued hiring and with absorption active, rents are pushing higher at an accelerating pace. Asking rents ended the second quarter at…

Highlights: The Greater Phoenix multifamily market started 2019 with a continuation of the prevailing trends from 2018. Renter demand for apartments was strong, construction continued at a fairly steady pace, and rents posted another quarter of sizeable increases. Vacancy fell…

Highlights The Greater Phoenix multifamily market closed 2018 on a high note, with vacancy remaining low and rents posting significant increases. Renter demand remains strong enough to keep vacancy tight even as new units are delivered. Vacancy was 5.7 percent…

Report highlights: Conditions in the Phoenix multifamily market strengthened during the third quarter. Vacancy tightened and rents spiked. The investment market responded to the favorable fundamentals with an uptick in sales activity. Vacancy in Phoenix fell 10 basis points during…