Tempe neighborhoods among hottest in U.S. for MF development

By Mary Salmonsen | Construction Dive

Over 1.2 million new apartment units opened across the country between 2018 and 2022 — a record-high period for new supply growth. Some areas have seen a greater share of this growth than others by drawing in new residents, who drive demand for multifamily development.

Even specific neighborhoods can become a hotbed of renter interest for a variety of reasons, including a new attraction or workplace moving in nearby, vibrant culture or retail locales and access to public transit.

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