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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Source: JLL Research

Visit our Phoenix Research webpage for additional market insight.

 

About the author
Kiana Cox, Senior Research Analyst
Kiana Cox is a senior research analyst in the JLL Phoenix office who works closely with brokerage and support professionals throughout the western region, as well as colleagues throughout the global JLL organization, to provide best-in-class research that differentiates JLL.

 

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