By AZ Big Media
As Phoenix‘s population continues to surge, with over 30,000 newcomers in the last three years, the demand for housing is reaching critical levels. Phoenix is in a unique position to solve its own housing crisis, considering it ranks third nationally for undeveloped and vacant land.
A groundbreaking report from RentCafe sheds light on this powerful, untapped resource of vacant land in Phoenix. More precisely, our analysis shows that a staggering 36 million square feet of empty land could be turned into rental communities and lead to a slowdown in rent growth.
