Category Archives: Multifamily News & Trends

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

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… 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… 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… 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… 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… Read More

U.S. multifamily sales maintain their accelerated pace, driven by secondary markets like Phoenix

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multifamilyq3investmentoutlookjpg-v2The national multifamily market maintains its momentum after another quarter of declining vacancy, steady absorption gains, and rising rents. All of these positive indicators continue to fuel investment activity as 2016 is on pace to exceed last year’s peak volume. Many of the national themes driving the multifamily market… Read More

Phoenix multifamily sales on pace for record year

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As one of the most active multifamily markets in the nation, Phoenix continues to record positive growth across all multifamily fundamentals including rent growth and occupancy levels.

Phoenix recorded $3.6 billion in transaction volume in 2015 on transactions larger than $5.0 million. As of the second quarter of 2016, over $2.5 billion has already transacted and has a strong opportunity to surpass its historical peak of $4.4 billion recorded in 2006.

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The Phoenix multifamily sector may outpace the 2006 historical peak

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Diversified secondary market growth is one of the main factors contributing to the underlying strength of today’s U.S. multifamily sector, and Phoenix is one of the most active secondary markets. JLL’s Q2 Multifamily Investment Outlook explores multifamily market trends we are experiencing in Phoenix and throughout the U.S.

Multifamily sales have the potential to outpace 2015’s record-setting volumes
While the rate of growth is slowing from last year’s unprecedented record, national multifamily… Read More

Luxury multifamily construction increases across Valley

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Phoenix luxury apartment photos

Luxury apartments featured: Scottsdale (top to bottom): Broadstone Waterfront and Luxe Scottsdale, Tempe (top to bottom): Skywater at Town Lake and Alta Tempe, Phoenix / SE Valley (top to bottom): Live Ahwatukee and San Privada

Phoenix ranked second in the nation for… Read More

JLL’s John Cunningham featured on GlobeSt.com about Phoenix’s multifamily market

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Cunningham_John P_ColorJLL Executive Vice President John Cunningham recently sat down with GlobeSt.com for an exclusive interview in their article “What Is Fueling Multifamily Demand In The Southwest?” In the article, Cunningham discusses how job growth is a positive factor for multifamily demand in the Phoenix market, a result of the recovery of housing prices.

“As jobs continue to flock to Southwestern markets, the multifamily sector will

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