Report: Arizona’s apartment industry is a major economic driver

AZBigMedia

The total annual economic impact of construction and operations within Arizona’s apartment industry is the equivalent to the state playing host to more than 10 Super Bowls each year.

The apartment industry generates 22,000 jobs, $699 million in wages, and $3.8 billion in economic output each year as 37 percent of Arizona residents live in rental housing.

Those are some of the findings outlined in the Arizona Apartment Analysis, a report conducted by Elliott D. Pollack & Company for the Arizona Multihousing Association. The report addresses multiple factors related to the apartment industry in Arizona including an outlook on the state of the industry.

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