By Gabriela Rico | Arizona Daily Star
Construction of new apartments is on track to break a record in the U.S. this year with more than 500,000 new units built.
Locally, the Tucson market is contributing to that growth and has opened, or will open by the end of the year, more than 1,000 units for rent.
The demand is being driven by necessity, people who can’t afford to buy right now and new residents who rent while they get to know the Tucson market and decide where they want to put down roots.
A third driver, however, is a growing number of renters who choose the maintenance-free lifestyle of renting with the flexibility to move around.