Phoenix

Aerial photograph of Midtown Phoenix, Arizona, with a modern high-rise residential tower in the foreground along Central Avenue. The Midtown business district rises in the middle distance with office towers, and the Phoenix Mountains are visible on the horizon under a clear blue sky. Low-rise residential neighborhoods, palm trees, and commercial buildings fill the urban landscape on a sunny day. • Authorization was obtained from the FAA for this operation in restricted airspace.

Phoenix Multifamily Report – June 2026

Spring brought some rent improvement, but deliveries are still high.

Exterior rendering depicting The Residences at Dorsey Station, an affordable project in Tempe, Ariz.

Palindrome Lands Financing for Phoenix Affordable Project

The development is part of a larger 400-unit master plan.

Exterior shot of Broadstone Seventh Street, a 258-unit community in Phoenix.

Exclusive: Goldman Sachs Pays $81M for Phoenix Property

This is the first time the asset has changed hands.

Exterior shot depicting one of the 108 homes within the BTR property Avilla Foothills in Surprise, Ariz.

NexMetro to Deliver Phoenix-Area BTR Community

Avilla Foothills will mark the firm’s 25th property in the market.

Exterior shot of Residences Kierland, a 290-unit community in Scottsdale, Ariz.

Exclusive: Quarterra Sells Upscale Asset in Phoenix Area

Nationwide provided a $90 million acquisition loan.

A rendering of IKONIC Scottsdale

Hampton Group Gets $141M Construction Loan for Phoenix Luxury Tower

Greystone arranged the financing, which consists of a senior mortgage and mezzanine debt.

Exterior shot depicting one of the multifamily buildings within Arrowhead Summit, a multifamily property in Glendale, Ariz., sold by Blackstone to NALS Apartment Homes.

Blackstone Sells Phoenix-Area Asset at a Discount

The asset still commanded a price north of $100 million.

The chart shows the shift in average price per square foot on a national level and for each top ten metro from 2024 to 2025.

Top 10 Markets for Self Storage Transactions in 2025

More than 40 percent of sector deals took place in these metros, according to Yardi Matrix.

“Go Explore” Is a Resident Retention Strategy at This Arizona Community

Property Manager Chrissy Philippi expands on why the amenity resonates with residents.