Scottsdale building permit records reveal eclipse of multifamily frenzy

Economic Driver: A view of the Scottsdale Waterfront — a place that continues to be the keystone to new commercial and residential development in south Scottsdale. /Independent Newsmedia/Arianna Grainey

By Terrance Thornton | Scottsdale Independent

The steady nature of the Scottsdale building permit activity over the last three fiscal years officials say illustrates one of the key hallmarks of a stable economy.

While commercial activity remains relatively constant — things like remodels, additions and tenant improvements — one facet of the building activity ledger over the same time period has slowed down considerably: multifamily building permits.

Multifamily housing includes any building or structure designed to house more than one family with typical dwellings including apartments and condominiums.

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