The Phoenix apartment market is experiencing a persistent imbalance between supply and demand, keeping vacancies elevated and rent growth negative. Over the past 12 months, the Valley recorded 17,000 units of net absorption—more than double the pre-COVID average and ranking Phoenix among the …

The Phoenix apartment market is experiencing a persistent imbalance between supply and demand. While leasing activity remains strong—17,000 units were absorbed over the past year, more than double the pre-COVID average—this demand is being overshadowed by a surge in construction. Over the same …

The Phoenix apartment market continues to face a persistent imbalance between strong demand and overwhelming new supply. Despite recording 18,000 units of net absorption over the past year—more than double the pre-COVID average—vacancy has climbed to 12% due to the completion of 24,000 …

The Phoenix apartment market continues to face a supply-demand imbalance, with a surge in new construction keeping vacancy rates high and rent growth negative. Despite strong leasing activity—18,000 units absorbed over the past year, ranking Phoenix among the top 10 U.S. markets—new supply …

The Phoenix apartment market remains under pressure from a significant oversupply, despite strong leasing activity. In the past year, the market absorbed 18,000 units—well above the pre-COVID average—driven by a rebound in demand for mid-tier (3-Star) properties. However, this demand has been overshadowed …

The Phoenix apartment market is facing a supply-demand imbalance, with strong demand being overshadowed by a surge in construction. Over the past year, 19,000 units were absorbed, exceeding pre-COVID averages. However, the completion of 25,000 new units has pushed vacancy rates to 11.7%. …

In 2024, Phoenix's multifamily market showed signs of recovery, driven by stronger renter demand due to easing inflation and improved consumer confidence. Net absorption reached 19,000 units, well above the pre-COVID average, though vacancy has risen to 11.7%. The surge in construction, with 26,000 new …

The Phoenix multifamily market showed signs of recovery in 2024, driven by easing inflation and rising consumer confidence, which boosted renter demand. While new supply still outpaces leasing, occupancy decline has slowed, signaling a potential recovery in property performance. Over the past year, 18,000 units …

The Phoenix multifamily market is making progress toward recovery as 2024 comes to a close, supported by easing inflation and rising consumer confidence. These factors have reignited renter household formation, leading to a rebound in tenant demand. Over the past 12 months, Phoenix recorded …