Phoenix multifamily on a roll

ColliersInternationalSource: Colliers International

Colliers International released its Greater Phoenix Multifamily Research and Forecast Report for first quarter 2016.

The Greater Phoenix multifamily remains on a roll and is forecast to continue the extended run of strong property performance through the rest of this year. Vacancy reached a 20-year low during the first quarter, even as new development continues at a healthy clip, and is forecast to remain low.

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