The Greater Phoenix multifamily market showed steady growth in Q3 2025 with occupancy rising to 93.5% despite a record 6,018 new units delivered. Key submarkets like North Scottsdale and Tempe absorbed supply well. Investment sales hit $3.2 billion year-to-date, reflecting strong confidence. Average rent slightly declined by 1.5% to $1,604. With nearly 30,000 units under construction, the market is expected to balance supply and demand, supported by population growth and job creation.
Continue to full article
Discover more from Lisa Miller Pllc
Subscribe to get the latest posts sent to your email.