By Kathleen McCormick | Urban Land Institute
As one of the fastest growing and most populous metropolitan areas in the United States, the Phoenix metro area has seen some 40,000 apartments built since 2010, with demand and prices continuing to rise. Panelists for “Future of Housing: Finding the Right Fit for Changing Demographics,” a ULI Arizona Trends Day session held recently at the JW Marriott Phoenix Desert Ridge in Phoenix, provided a glimpse of how different product types are filling needs for the housing-strapped region.
Having developed over 3,500 mostly urban infill homes in the region over the past 22 years, including the new 89-unit luxury Envy condominiums in downtown Scottsdale, Deco Communities of Scottsdale is “focused now on attainable apartments” because of the great need for workforce housing, said Patricia Watts, senior partner and director of planning.
