(Disclosure: Rose Law Group represents Greenlight Communities.)
By Brent Ruffner | YourValley
Relief for renters may be on the horizon as 30,000 multifamily units are expected to be completed during the next six quarters in metro Phoenix, said Tom Brophy, a housing analyst at Colliers.
Last year, the Valley saw the second-highest year for apartment demand “damn-near all-time,” Brophy said.
“Put it this way, (it shocked) me,” Brophy said.
The peak deliveries for apartments should help residents “have some real power to get a good deal” on new apartments this year, Brophy said. Renters can expect incentives such as a month free rent or free or discounted internet.
