Phoenix: Maintaining momentum in the desert

The metro is outpacing the country in job creation and population growth, drawing multifamily developers and investors looking for opportunities in second-tier markets.

By Anca Gagiuc | Multi-Housing News

Outpacing the country in job creation and population growth, Phoenix is appealing to multifamily developers and investors looking for opportunities in second-tier markets. Although rent growth decelerated in the first half of 2017, rents rose by 3.4 percent year-over-year through July, which is still well above the 2.6 percent national average.

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