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Phoenix Had Fastest-Growing Population in U.S. in 2018, Fueling Record Multifamily Leasing, Construction Levels

CoStar Market Insights: New Residents Pouring Into the Valley of the Sun Attracted by Jobs, Affordability
Construction on the 227-unit Circa Central Avenue Apartments in the Encanto neighborhood was completed in February. Photo: CoStar
Construction on the 227-unit Circa Central Avenue Apartments in the Encanto neighborhood was completed in February. Photo: CoStar
CoStar Analytics
June 21, 2019 | 1:24 P.M.

Population growth continues to propel the Phoenix commercial real estate market and its economy at large. According to the U.S. Census Bureau, the population of Arizona's state capital increased by 25,288 people, the largest gain among U.S. cities from 2017 to 2018.

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