Trends

Phoenix 6th Hottest Multifamily Market

By CommercialSearch/Yardi Matrix  Over the past decade, the price-per-unit for multifamily properties surged 156 percent, reaching nearly $160K. This increase surpassed both median home sale prices and rental rates.  The latest CommercialSearch study compared and ranked the most active U.S. metros

Trends

Arizona Cities See Higher Rents

While Apartment List’s National Rent Index is down 1.4 percent over the last year, rents in Tucson have increased 4.7 percent since the start of the COVID-19 crisis. Since March, Tucson’s month-over-month rents are up 0.6 percent, and year-over-year increases total 5.9 percent.