Phoenix multifamily market sizzles

By Christine Sterlin | Multifamily Executive

The Phoenix multifamily market remains one of the hottest in the nation, propelled by strong in-migration during the pandemic and job growth as well as a diverse economy.

“The inbound migration versus outbound is the best in the nation, and it’s attracting both Gen Z and millennials as well as baby boomers,” says Doug Ressler, manager of business intelligence at Yardi Matrix.

Phoenix continues to see year-over-year double-digit rent growth, up 25.9% in November over the same period in 2020, according to Yardi Matrix. The market’s net absorption also has reached record highs and outpaced supply, with occupancy rates over 96% in the fourth quarter.

READ ON:

Share this!

Additional Articles

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.

News Categories
January 2022
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930
31