Phoenix has seen a rapid slowdown over the past year, as apartment performance declined amid high supply. However, as we near the end of 2023, leading indicators are beginning to show signs of strength for Phoenix multifamily.
During and immediately after the COVID-19 pandemic, the Phoenix apartment market was one of the best performing metro areas in the nation. However, as migration has slowed, relative prices have soared, and new development has boomed, the multifamily market in the desert has quickly soured.
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7150 E Camelback Rd.
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Rr. Ukshin Hoti, Nr. 120
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