Multifamily developer Wood Partners is set to open two projects that together include more than 600 units in Phoenix as the area is flooded with the largest number of new unit openings ever recorded, a level of supply that has driven down rent prices for the past two years.
Wood Partners builds two Phoenix apartment complexes as record supply outpaces population growth
Market expects peak of new units this quarter with 7% expansion still under construction, CoStar data shows
By Jon Leckie
CoStar News
November 27, 2024 | 3:38 P.M.
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IN THIS ARTICLE
- Properties
- Alta Avondale
11330 Van Buren St, Avondale, AZ
- Alta Rise
80 McQueen Rd, Gilbert, AZ
- Companies
- Wood Partners
Real Estate