Greater Phoenix multifamily construction pipeline.
Moving On Up ↑
Metro Phoenix is one of the top cities in the nation for population and employment growth. The forecast for the next 2 years reflects over 220 ,000 people moving to AZ and the creation of approx. 120,000 jobs. The absorption of multifamily units in 2017 is expected to be the highest in the past 3 years with over 6,500 units absorbed. The properties currently under construction with delivery occurring over the next 18 – 24 months appears to be totally in line with the growth of Phoenix.