Phoenix Multifamily Market Report 1Q 2026
Phoenix's multifamily market is projected to recover in 2026 as supply completions fall nearly 50 percent and local inflation below 2 percent allows wages to catch up with asking rents, though performance will diverge by submarket. Class A properties in affluent East Valley and North Phoenix-Scottsdale corridors are expected to strengthen with reduced new supply competition, while Class B and C rentals in central and West Valley neighborhoods will face pressure from weaker job growth in manufacturing, logistics, and hospitality sectors.
Published by Institutional Property Advisors. Global Real Estate Intelligence links to the original source and credits the publisher; all rights remain with them.
Provenance
- Publisher
- Institutional Property Advisors
- Obtained from
- Institutional Property Advisors (Marcus & Millichap)
- Published
- Mar 31, 2026
- Last updated
- Jun 28, 2026 (1 month ago)
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