Phoenix captured No. 6 spot for population growth in 2024
Net migration acceleration fuels climb up the ranking
Phoenix's population growth accelerated last year, according to recently released data from the U.S. Census Bureau.
Phoenix apartment rents turn modestly negative in February
Some East Valley neighborhoods buck the trend
The average asking rent for Phoenix apartment buildings declined 0.1% in February, snapping a two-month winning streak that began in December 2024.
Nevada’s population is growing faster than most Sun Belt states, with Vegas leading the way
State's relatively low cost of living, growing employment opportunities and allure of Sin City draw residents
Population growth in Nevada outpaced the average for both the United States and the Sun Belt over the past year as the state's relatively low cost of living, lack of state income t...
How Joann’s bankruptcy impacts the Phoenix retail market
More than 300,000 square feet of big-box space is scheduled to close
Crafts giant Joann recently announced plans to close its entire fleet of roughly 800 stores in the United States.
Phoenix apartment rents get off to a hot start in opening month of 2025
The jury’s still out on whether January’s uptick is a blip or beginning of a new trend
The Phoenix multifamily market had an encouraging start to the year.
Commercial real estate sales volume rebounded in Phoenix last year
Industrial unseats multifamily as top segment for investment
The Phoenix commercial real estate investment market staged a comeback in 2024. About $11.8 billion worth of multifamily, retail, office and industrial properties traded hands last...
Phoenix apartment rents end underwhelming year on positive note
Higher-quality rentals took brunt of losses in 2024
The average asking rent for a Phoenix apartment rose 0.1% in December, the first month of positive movement since February 2024.
These US counties have the most distribution centers that have sat vacant for more than 18 months
Accumulation of persistently vacant properties could signal bargain opportunities for tenants and investors
In the aftermath of the industrial building boom sparked by the pandemic, the number of large logistics properties that have sat vacant for a prolonged period has hit a record high...
2024 ends as a hot year for industrial building completions in these two desert markets
Large speculative buildings, distribution hubs kept Dallas and Phoenix developers busy
Not only is the weather hot in Dallas and Phoenix, but the two desert markets top the nation’s ranking for industrial construction hot spots.
Steps a Phoenix multifamily property manager recommends taking to prepare for 2025
Local market expert shares perspectives on rent growth, demand, rental concessions and more
As 2024 comes to a close, Phoenix multifamily rent growth on pace to underperform 2023
Luxury properties took the brunt of losses
The Phoenix apartment market extended its rent-losing streak last month as supply-side pressure and persistently elevated vacancy hamper rental rates.
Phoenix retail leasing volume accelerates to decade high
Healthy tenant demand quickly backfills recently vacated storefronts
Leasing volume is ramping up in the Phoenix retail market as sustained demand and an uptick in for-lease inventory encourage deals.
The New Year may bring a fresh start to the Phoenix apartment market
Market expert shares perspectives on rent growth, demand, concessions and more
This article is the second in a three-part series featuring insights from experts at some of Phoenix’s largest apartment property management companies and their expectations for 20...
Arizona ranks fifth for domestic net migration amid lower-cost housing, healthy local economy
Here are the states where folks are coming from
The Copper State continues to be one of the top destinations for domestic movers, according to recently released state-to-state migration flow data from the U.S. Census Bureau, lik...
As 2024 wraps up, the Phoenix multifamily market is 'a tale of two potentials' in 2025
Market expert shares perspectives on rent growth, demand, concessions and more
This article is the first in a three-part series featuring insights from experts at some of Phoenix’s largest apartment property management companies and their expectations for 202...
These two mountain markets are among nation’s leaders in retail rent growth
Demographics, limited space availability drive healthy gains in Phoenix, Las Vegas
Just four retail markets west of the Mississippi River ranked in the top 15 for annual retail rent growth in the third quarter of 2024, with Phoenix and Las Vegas cracking the top ...
As unleased logistics developments flood Phoenix market, local small-bay projects outperform in leasing
Vacancy rates of newly built small-bay properties are a fraction of those for bulk logistics projects
Over the past five years, the amount of new industrial properties built in the Phoenix metropolitan area has been staggering, totaling more than 120 million square feet, an amount ...
Retailers’ wish lists include more available store space, less pricey rents
Limited expansion options, rising costs crimp retailers’ growth plans
The U.S. retail property market remained resilient in the third quarter, with demand for additional space increasing for the 15th consecutive quarter. However, the pace of those le...
Tucson, Arizona, multifamily rents declined again in October
Elevated vacancy raises the prospect of finishing 2024 with negative asking rent growth
The average asking rent rate for Tucson, Arizona, apartment properties fell 0.3% in October, marking the third-consecutive month of decreases.
Phoenix apartment rents decline further as the end of 2024 nears
Vacancy shows signs of leveling off as 'heads in beds' strategy takes hold
Multifamily rents in Phoenix continued their downward slide last month as operators prioritized occupancy over top-line rent growth amid increased competition from new supply.