WebMultifamily Q1 2024 PHOENIX ECONOMY: Recovery Continues In Q1 2024, the Phoenix market recorded an employment level of 2.3 million jobs, a 4.1% increase from Q1 2024. The unemployment rate decreased from 6.3% in Q1 2024 to 3.1% in Q1 2024. Phoenix is still one of only a few large markets where employment is higher now than it was in February 2024. WebMay 12, 2024 · May 12, 2024. The U.S. multifamily sector saw strong momentum at the start of 2024, with robust demographic trends underpinning record leasing activity, rent growth and investment during the first quarter, according to CBRE’s latest report . Investment in the multifamily sector increased by 56% year-over-year to $63 billion in Q1 2024—the ...
Phoenix Multifamily Market Report – Summer 2024 - Yardi Matrix …
WebAug 23, 2024 · The report estimates deliveries during the target period of between 38,000 and 46,000 units. In reviewing permit data for the market as part of its delivery projection estimating, the report noted the following: “Total housing permits for May 2024 came in at 4,034 with trailing 12-months at 51,864. WebSeattle Multifamily Market Report 4th Quarter 2024 Read More With over 900 real estate professionals and staff in 20 offices in Washington, Oregon, California, Nevada, and Arizona, we offer a complete range of brokerage, appraisal, asset services, consulting, project and construction management, and debt equity finance services for all property ... pink michigan state pacifier
Record-Breaking Start to 2024 for U.S. Multifamily Market
WebMar 2, 2024 · Phoenix: Image by Jacob Boomsma/iStockphoto.com. Deliveries marked a new record high, with 11,258 units completed through November. Another 38,406 units were underway, but the number of ... WebDec 9, 2024 · The Phoenix multifamily market continued to post some of the strongest operating conditions in the country during the third quarter. Rents spiked again, building on gains from the preceding three months, while vacancy rates ticked lower for the fifth consecutive quarter. After reaching its lowest point on record during the second quarter, … WebPhoenix Multifamily Market Report 2024 Investment Forecast. Semiconductor Investments Prelude to Economic Expansion; ... Phoenix is approaching the forefront of the U.S. … pink michigan state hat