Phoenix ranks No. 6 among hottest multifamily markets

18February 2021

New research shows that Phoenix is the sixth hottest U.S. market for multifamily sales over the last decade. Over the past decade, the price-per-unit (PPU) for multifamily properties surged 156%, reaching nearly $160,000. This increase surpassed both median home sale prices and rental rates. The latest CommercialSearch study compared and ranked the most active U.S. metros in terms of multifamily sales since 2009. READ MORE: Phoenix No. 2 among hottest housing markets of 2021 Here are some!

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