The Phoenix Business Journal featured JLL Phoenix’s John Cunningham in their article ‘Apartment development wave may have crested.’
John Cunningham, Executive Vice President, Multifamily, was interviewed on the current downturn in the post-recession multifamily market. He was featured sharing his thoughts on how Phoenix is viewed as a value market where landlord and investors can buy more for their dollar than California, Denver or Seattle.
“Cunningham said new complexes are being built in in-fill areas such as central Phoenix, Scottsdale and Tempe and they are often accompanied with parking structures instead of surface lots and amenities geared towards younger tenants interested in location and extras more than square footage.”
To read the complete article, click here: Apartment development wave may have crested