Wednesday, November 25, 2020 9:19 pm

Metro Phoenix will see a 37% drop in apartment construction

By AZRE | Via AZBigMedia

RENTCafé’sApartment Construction Report is out with the latest data on multifamily development.

Nationwide, multifamily construction is in its second consecutive year of decline after peaking in 2018. 

This year, an estimated 283,000 new units are expected to hit the market, 12% less than in 2019.

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