March 4, 2014

2013 Q4 Metro Phoenix Apartment Market Newsletter

By |2019-09-10T22:20:18-07:00March 4th, 2014|

Vacancy Rates Continue to Drop Vacancy rates for the 4th quarter for stabilized 50+ multifamily properties decreased from 7.4% to 7.3%.  Only one sub-district remains in double digits - Central Black Canyon. Vacancy rates of less than 6% were reported in N Scottsdale, Deer Valley, Paradise Valley, Ahwatukee, S Tempe, Gilbert [...]

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March 4, 2014

Qtr4 2014 – Average Rental Rates

By |2017-10-04T14:30:14-07:00March 4th, 2014|

For 50 - 99 unit size apartment’s, rental rates continue their steady increase while the 100+ unit’s rates are still flat. The highest rents being in Central Phoenix / Sky Harbor and the lowest along the I-17 corridor. Size         Studio                  One Bedroom      Two Bedroom 50 - 99    $490 (1.14/sf)      $588 (0.94/sf)      [...]

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