Report: Phoenix doesn’t have enough apartments short-term, either


Despite delivering 22,952 new apartment units from 2011 to 2016, demand vastly exceeded supply by approximately 7,100 units; if based on 2016/17 population estimates which saw Maricopa rank No. 1 in the country in population growth, the deficit rises to approximately 12,000 now and 18,000 by 2020. 

In fact, if Medium Range Growth Projections are used, a more likely scenario given Maricopa’s status as fastest growing county in the nation, unit delivery deficit will increase to 20,000+ over the time period. As a result, by 2020, the Occupancy Rate for the Phoenix MSA, barring any unexpected increases in current construction levels, is forecasted to reach an all-time high of approximately 96 percent.  

recent report shows that there is a long-term deficit with the number of available apartments, with the Phoenix area needing 150,302 new apartments by 2030 to meet demand. 


Share this!

Additional Articles

News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.