Downtown Phoenix added over 5,200 new apartments since the pandemic, making up nearly a quarter of all new units citywide and placing it 21st among the fastest-growing downtowns in the U.S. While adaptive reuse projects have slowed, the area continues to see steady growth in rental construction, mirroring trends from the previous decade. This surge reflects broader efforts in major U.S. cities to revitalize urban cores through new housing development.
Source: https://azbigmedia.com/real-estate/booming-downtowns-phoenix-adds-5000-apartments-in-5-years/
