3 2022
Phoenix, AZ Multifamily Forecast Report
KEY TAKEAWAYS • Employment, 3rd best performing Top 10 Large Metro in September (BLS) • Rents continued to rise +9.9% to $1,682 • Occupancy remains above long-term average at 95.8% • Deliveries of +/-12,000 expected by end of 2022 • Average Sales PPU increased +7% to $315,858