Category Archives: Multifamily News & Trends

Valuable expert-provided insight for investors of multifamily property located within the Phoenix market.

Phoenix unemployment rate reaches 10-year low

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Total non-farm employment in Metro Phoenix reached 2,023,400 payrolls in April 2017, representing an annualized increase of 48,800 jobs. As a result, unemployment was reported at 3.9 percent in April, down 60 basis points from one year prior. This is the lowest unemployment rate we’ve seen in Metro Phoenix in ten years.

Job growth was led by the Leisure & Hospitality and Financial Activities sectors, which added 14,700 jobs and 8,800 jobs, respectively. Mining, Logging &… Read More

Maricopa County has the highest annual population growth in the United States

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Maricopa County grew by 81,360 residents between July 1, 2015 and July 1, 2016, the largest population gain in the nation. Harris County, Texas, had the second-largest net migration, growing by 56,587 people over the same time period.

The city of Phoenix added approximately 32,113 residents over the same time span, making it… Read More

Phoenix is one of the fastest-growing metropolitan areas in the U.S.

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Phoenix’s population rose from nearly 4.2 million to more than 4.6 million from 2010 to 2016 based on new population estimates released by the U.S. Census Bureau. Metro Phoenix averaged a total net increase of over 1,436 persons per week over that time period.

Of the top ten metro areas with the highest… Read More

Phoenix identified as a top 30 city for global real estate investment

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The latest edition of JLL’s Investment Intensity Index has Phoenix making the cut. The “Valley of the Sun” took the 27th spot on the top 30 list for global real estate investment intensity.

High-tech and innovation helped Phoenix rise on the prestigious list, which included several small to midsized “New World Cities” with similar population levels (1 to 5 million).… Read More

Phoenix has the lowest cost of congestion among top 25 U.S. cities

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According to INRIX Global Traffic Scorecard, traffic congestion cost drivers in the United States nearly $300 billion in 2016, or an average of $1,400 per driver. Phoenix and Detroit tied for the lowest cost of congestion among… Read More

Phoenix one of six West region markets to drive multifamily rent growth

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Kitchen and living room of loft apartment

As multifamily rent growth begins to slow among the nation’s biggest markets, a few markets are maintaining their strong performance and driving positive trends over the forecast horizon. Phoenix is one such market in the West region that is expected to outperform due to large corporate… Read More

Congratulations to our 2016 Top Producers

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We are proud to recognize these outstanding professionals for their commitment to developing enduring client relationships built on excellent service, collaboration and trust.

From left to right, top to bottom:
Pat Williams, Senior Managing Director
Andrew Medley, Managing Director
John Bonnell, Managing Director
Tony Lydon, Managing Director
Marc Hertzberg, Managing Director
John P. Cunningham, Executive Vice President
Charles… Read More

Phoenix No. 4 fastest-growing U.S. city

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According to the 2015 Census population estimates, Phoenix gained approximately 87,988 residents from July 2014 to July 2015. Forbes ranked Phoenix No. 4 among the “Fastest-Growing U.S. Cities.”

Metro Phoenix has consistently outpaced the U.S. population growth over the last 20 years and projections show the region is expected to grow more than… Read More

Arizona’s GDP growth ranks No. 4 nationally

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PowerPoint Presentation

According to the U.S. Bureau of Economic Analysis, Arizona ranked No. 4 nationally for annual gross domestic product (GDP) growth in the second quarter of 2016, just behind of Idaho, Nebraska and Utah.

Arizona’s GDP growth of 2.7 percent was led by growth in real estate and rental and leasing; health care… Read More

Scottsdale named No. 1 active lifestyle city in U.S.

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The city of Scottsdale ranked No. 1 in WalletHub’s “2016 Best and Worst Cities for an Active Lifestyle” study, which compared the 100 most populated cities in the U.S.

Using 24 key metrics identifying an active lifestyle, Scottsdale scored 57.01 points out of a possible 100. Categories include: number of sports facilities, outdoor… Read More