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Metro Phoenix a Top NCREIF Market

• The robust job and population growth in Metro Phoenix has helped fuel a strong multifamily market with top rent growth and tight vacancies, outperforming other large national markets.

• Strong recent economic performance in Metro Phoenix had made it one of the most attractive markets in the country, driven by a diverse employment sector. The metro has become a hub for corporate expansions and relocations, establishing a platform for continued growth over the forecast horizon.

• With Phoenix’s multifamily returns nearly doubling the national average, investors have yet another reason to keep Phoenix on their radar when looking for opportunities throughout the Southwest. 


Source: JLL Research, NCREIF 




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