Are we in danger of overbuilding apartments in downtown Phoenix?

By Angela Gonzales | Phoenix Business Journal

About 2,400 apartment units are under construction in downtown Phoenix, putting the submarket in danger of being overbuilt.

Developers have been ramping up apartment construction throughout Phoenix for the past several years, which is causing real estate experts such as Peter O’Neil, research director for Northmarq, to expect a peak in new rental construction in 2024.

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March 2024
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