Phoenix Multifamily Market Faces a Reset as Oversupply and Falling Rents Test Investor Assumptions

Vacancy rates above 12%, negative rent growth in several submarkets, and a widening gap between buyer and seller expectations are forcing a recalibration across the Phoenix multifamily market. After years of aggressive building and rising rents, the correction now underway is testing assumptions that guided investment decisions as recently as 2023. But for operators working […]