Apartment Market and Sales Insights
Softbank Group Corp founder and CEO Masayoshi Son reportedly is considering a $1 trillion complex (Project Crystal) focused on Artificial Intelligence and robotics in the Valley and to promote Arizona as a hub for next-generation industrial innovation. TSMC is suggested to be a possible partner.
New Apt Construction Pipeline continues to put pressure on occupancy and rents. There were 11,630 units completed YTD. Currently there are 43,435 units Under Construction with about half already starting to lease. The good news is that YTD there have only been 6,546 units started. Once the existing new units are completed and absorbed, combined with many new investment projects creating JOBS and population growth, the shortage of units will drive apt rental rates and values up.
We also provide Interactive Maps and Downloadable Lists for currently advertised Apts For Sale, details of Prior Apt Sales and the New Apt Construction Pipeline. Use the Construction button below to show the location of the new projects.