Developers are addressing long-standing shortages of apartment homes, adding nearly 28,000 units in 2025. But construction is creating temporary oversupply and higher vacancies. Experts note renter demand remains strong, aided by wage growth, but concessions are widespread as the market works through excess inventory.
Source: https://azbigmedia.com/real-estate/here-are-the-metro-phoenix-multifamily-trends-to-watch/
