May 4, 2024 2:06 am
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Phoenix metro at epicenter of most significant demographic shifts in 50+ years

Sonoran Apartments In Phoenix
Sonoran Apartments In Phoenix

By Thomas M. Brophy for ABI Multifamily

In the article, What Slowdown? Phoenix Metro Multifamily Sales Crest $1.63B, we showed the incredible investor appetite for the Phoenix Metro’s multifamily market. While some markets across the US have decreased in overall transaction and sales volume, the Phoenix Metro is on pace to break multiple records both from an aggregate sales volume to average price per unit perspectives.

There are many reasons investors are bullish on Phoenix which we have discussed in great detail across many ABInsight articles. But what of the renter side? How is the red hot apartment market affecting renters, specifically, what are the average rental rates for the Phoenix Metro’s major cities? What of affordability and what kind of insights can be extracted by looking at each of those cities demographics?

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