CoStar Market Insights: Heavy Supply Pipelines in Two Phoenix Submarkets

Developers are increasingly bullish on the outlook of Phoenix’s apartment market.

The metro has had a steady stream of supply since 2014, and 2018-2019 are expected to be the peak years for deliveries so far this cycle. Nearly 18,000 units are currently under construction, and inventory is projected to grow by more than three percent in each of the
Source: Costar News