Phoenix apartment market might be peaking

Screen Shot 2014-01-18 at 5.06.07 PMBy Kristena Hansen | Phoenix Business Journal

Concerns are mounting that metro Phoenix’s apartment market may becoming oversaturated, signaling the sector’s recent boom could be starting to run its course. These fears came up in Arizona State University’s Broker’s Forum Report this week, a new quarterly commercial real estate market report that recaps a roundtable discussion of local, but anonymous, industry professionals hosted by the W.P. Carey School of Business. The report includes commentary from the brokers, who prefer their identities not be disclosed so they can speak more freely.

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