Phoenix’s build-to-rent market is booming

By Angela Gonzales | Phoenix Business Journal

The burgeoning build-to-rent sector has about 9,500 units under construction in metro Phoenix, adding to existing inventory of about 8,700 units, according to a report released by Northmarq.

“We’ll be seeing the local inventory of single-family build-to-rent units doubling in the next 18 to 24 months,” Peter O’Neil, research director for Northmarq, told the Business Journal.

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