Phoenix among top Sun Belt cities for MF construction activity

By Beata Lorincz | Multi-Housing News

The Sun Belt continues its expansion, driven by domestic in-migration from gateway markets, and consequently boosting rent and occupancy in the region. Its appeal—propelled by a favorable tax environment and lower living costs—only grew stronger during the pandemic. The region is home to roughly 50 percent of the nation’s population.

While the U.S. rental market is reaching record growth rates, Sun Belt cities dominated Urban Land Institute and PricewaterhouseCoopers’ annual ranking of top markets to watch in 2022, with six of these included in the list below.

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