by Alyxandria Carter | Aug 1, 2024
In early 2024, the Phoenix multifamily market began showing signs of recovery, as easing inflation and rising consumer confidence boosted renter household formation. While new supply still exceeds leasing activity, occupancy and rent declines have started to...
by Alyxandria Carter | May 1, 2024
In Q1 2024, the Phoenix multifamily market showed signs of recovery, driven by reduced inflation and increased consumer confidence, boosting renter household formation and tenant demand. Despite continued growth in new housing developments, there was a stabilization...
by Alyxandria Carter | Feb 5, 2024
The Phoenix multifamily market faces challenges as a surge in construction overshadows the rebounding rental demand, leading to weakened market conditions for consecutive years. The vacancy rate stands at its highest in over a decade at 10.8% as of early 2024, driven...
by Alyxandria Carter | Nov 6, 2023
Although the Phoenix Multifamily market has fluctuated considerably over the past few years, the long-term drivers supporting the Valley’s multifamily market remain in place. Nation-leading demographic patterns, a growing and diversifying economy, and an attractive...
