Phoenix Multifamily Remains Strong

By Roland Murphy for Arizona Builder’s Exchange “Phoenix is riding a wave of high performance” in the multifamily market, according YARDI Matrix’s Spring Analysis. Rents in Phoenix rose 5.1 percent year over year, significantly outpacing the national 2.7 percent rate. There are 9,000 units under construction, with another 16,000 in planning stages. Phoenix remains less […]

PHX Retail Ended 2016 on an Up Note

By Roland Murphy for Arizona Builder’s Exchange The retail real estate in Greater Phoenix ended 2016 on an up note, with net absorption of approximately 545KSF in Q4, according to Colliers International’s Research and Forecast Report. For the year, net absorption was more than 1.5MSF. The quarter also saw asking rents move slightly lower, but […]