Phoenix Q2 2023

Phoenix 2Q23 Multifamily Market Report $1,612 average rent 93.2% average occupancy rate $1.2B ytd sales volume -4.0% YoY rent change -2.6 POINTS yoy occupancy change 27 ytd individual transactions Supply & Demand 2Q23 3,401 Units QUARTERLY DEMAND YTD: 6,585 4,716 Units QUARTERLY COMPLETIONS YTD: 9,070 Annual Demand vs Completions 2018 11,226 8,539 2019 10,089 8,625 […]