November 21, 2024 5:27 am
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Younger tenants driving up apartment demand in region

By Wayne Schutsky |  East Valley Tribune

Demand for rental apartment housing is on the rise in the East Valley and the rest of the metro region, buoyed by an increased desire for high-end apartments and the ever-present need for more-affordable options for low-income families.

A study from the Arizona Multihousing Association and the National Apartment Association shows that the Phoenix metro area will need to add over 150,000 apartments by 2030 to meet rising demand.

This trend is largely being driven by millennials and baby boomers, said Courtney Gilstrap LeVinus, AMA interim president and CEO.

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