Market Insights

Weekly Metro Phoenix Apartment Sales 09/19/2025

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Apartment Market and Sales Insights TSMC, as part of its $165 Billion investment, plans to expand holdings in North Phoenix – paving the initial need for more housing. The project, called North Park, is located directly south of TSMC’s current holding at I-17 and the 303, and will be in collaboration with PultyGroup. Subject to approval and … Continued

Weekly Metro Phoenix Apartment Sales 08/29/2025 & 09/05/2025

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Apartment Market and Sales Insights 2025 still problematic – Across the US, Trepp reports that the overall CMBS delinquency rate is 7.29%, an increase from 5.44% a year ago. Multifamily jumped to 6.86% from 3.3% a year ago, and from 1.33% in April 2024. Part of the cause is from oversupply, increased vacancy rates, lower rental rates and … Continued

Weekly Metro Phoenix Apartment Sales 08/29/2025

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Apartment Market and Sales Insights When all is said and done – it’s people that make a difference. Christine Mackay has joined the Greater Phoenix Economic Council (GPEC) as President and CEO. Her impact to the Valley will be huge. She initiated her career as the Economic Development Director for the City of Chandler for 16 years followed by … Continued

Weekly Metro Phoenix Apartment Sales 08/15/2025 & 08/22/2025

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Apartment Market and Sales Insights Metro Phoenix had a 42% GDP growth from 2019 to 2023, business applications grew by 61% and there was a 25.8% increase in roadway miles. Eight of our cities ranked in the top ten in the US for economic growth (Coworking Café). Mesa was strongest of the large cities. Going forward, the AZ … Continued

Weekly Metro Phoenix Apartment Sales 08/15/2025

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Apartment Market and Sales Insights Multifamily New Construction – Across the US, new apt construction has decreased to the lowest level in a decade, two years since it peaked. Austin reported the largest decline but Phoenix, Atlanta, Dallas and New York also had notable declines (per Globe Street, 8.13.2025). Phoenix completions peaked at 20,415 units in 2024 and 11,938 … Continued

State Of The Metro Phoenix Economy

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Thomas Maynard from GPEC gave a presentation about the metro Phoenix economy at the Scottsdale Area Assoc. of Realtors (SAAR). Economic & Commercial Forum Video Chapter Links 00:21 Opening Remarks 01:11 Speaker Introduction (Thomas Maynard) 02:28 GPEC Overview and Mission 02:38 Macroeconomic Trends 11:52 Affordable Housing Discussion 13:44 Business Development Pipeline and Industry Mix 18:56 … Continued

Weekly Metro Phoenix Apartment Sales 07/25/2025 & 08/01/2025

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Apartment Market and Sales Insights Residential Always Leads Commercial. Residential resale homes are still a weak market, but prices have leveled off and may imply a market primed for change. Agents note there are no shortage of buyers, just waiting on reduced loan rates. New home builders know we already have an increased demand for housing and … Continued

Weekly Metro Phoenix Apartment Sales 07/25/2025

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Apartment Market and Sales Insights Fairfield Residential completed the largest multifamily portfolio purchase in the history of Arizona with all properties located in the state. Total purchase was $414,500,000. Three of the five properties were closed July 18, 2025 and noted in last week’s report. The last two properties are noted above. Total units acquired … Continued

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