Metro Phoenix apartment industry contributes $53.8B to economy

AZBigMedia

AZBigMedia

A new Hoyt Advisory Services Study commissioned by the National Apartment Association (NAA) and National Multifamily Housing Council (NMHC) reveals that the apartment industry and its residents annually contribute $53.8 billion to Phoenix’s economy, $73.2 billion to Arizona’s and more than $3.4 trillion – or $9.3 billion daily – to the national economy.

The new report, available at WeAreApartments.org, provides a detailed breakdown of the economic impact nationally, by state, and in 50 metro areas.

In Phoenix, the apartment industry supports 284,400 jobs. Other financial contributions break down as follows: resident spending contributes $48.6 billion to the local economy, operations add $1.9 billion, new construction contributes $2.5 billion, and renovation and repair add $770 million.

READ ON:

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.

PRTA suspends operations

(Disclosure: Rose Law Group represents a coalition of property and business owners throughout Pinal County who have worked to bring new transportation infrastructure to the

Read More »
September 2019
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
30