April 25, 2024 1:20 am
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Phoenix among hottest MF markets

Above: Maxwell on 66th sold for $122.5 million in biggest multifamily deal of 2020.

By Commercial Search | AZ Big Media

New research shows that Phoenix is the sixth hottest U.S. market for multifamily sales over the last decade.

Over the past decade, the price-per-unit (PPU) for multifamily properties surged 156%, reaching nearly $160,000. This increase surpassed both median home sale prices and rental rates.

The latest CommercialSearch study compared and ranked the most active U.S. metros in terms of multifamily sales since 2009.

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