By Roland Murphy | AZBEX
In the last week BEX Research staff has added three new Build-to-Rent projects to our DATABEX database, showing more momentum for the growing pace of development in the racing multifamily subsector.
As the markets where the hot housing trend first took root, Arizona in general and Phoenix in particular had a head start, even though every area of the nation has made great strides adding its own projects to the sector.
Still, with every new addition Arizona adds to its leadership standing, and the three most recent projects contribute nearly 750 units, 704KSF and $129.5M in project construction valuation to the mix.