Metro Phoenix needs another 150,000 apartments by 2030

By Catherine Reagor | Arizona Republic

Metro Phoenix needs another 150,000 new apartments in the next decade.

That’s more than 10,000 a year, according to the apartment industry’s latest research.

Anyone who’s visited central Phoenix, Scottsdale or Tempe lately, where there are dozens of new apartment complexes and renovated older ones, might be shocked by that number.

About 27,000 new apartments have been built in the Valley since 2016, according to Colliers International. Another 14,000 are under construction and 21,000 planned.

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September 23, 2019

Phoenix

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