All Multifamily Articles

• Here’s how much Phoenix Zoomers spend on rent by age 30 - Read Article

  Here’s how much Phoenix Zoomers spend on rent by age 30

  2024-04-15T13:10:00-07:00

  A new RentCafe study delves into historical housing costs and spending patterns in nearly 200 U.S. metros, using IPUMS data. Specifically, we looked at how much Gen Z and Millennials are poised to spend on renting or owning a home by the time they reach 30. That said, how much do Phoenix Zoomers spend on rent by age 30? LEARN MORE: Here’s how Buckeye leads the West Valley as a…

  
• Solace at Ballpark Village opens high-end community in Goodyear - Read Article

  Solace at Ballpark Village opens high-end community in Goodyear

  2024-04-10T14:00:00-07:00

  Solace at Ballpark Village, Goodyear’s latest high-end community, is now open and accepting leasing applications. Located at 2445 S. Estrella Parkway, Solace at Ballpark Village offers one-, two- and three-bedroom…

  
• First building topped off at Portico luxury development in Scottsdale - Read Article

  First building topped off at Portico luxury development in Scottsdale

  2024-03-13T13:20:00-07:00

  Portico, the luxury condominium community from award-winning Belgravia Group in the Loop 101 and Scottsdale Road corridor, announced it has topped off the first building in its nine-building development. Initial move-ins are…

  
• Construction begins on Optima McDowell Mountain Village in North Scottsdale - Read Article

  Construction begins on Optima McDowell Mountain Village in North Scottsdale

  2024-03-08T13:30:00-07:00

  Award-winning real estate development firm, Optima is partnering with Mitsui Fudosan America, Inc. for the development of the first building within its newest Arizona residential development, Optima McDowell Mountain Village, located on…

  
• Dominium breaks ground on affordable housing for families and seniors in Glendale - Read Article

  Dominium breaks ground on affordable housing for families and seniors in Glendale

  2024-03-05T11:20:00-07:00

  Dominium, one of the nation’s leading owners, developers and managers of affordable housing, broke ground on a combined 605 units for family and senior affordable housing in Glendale on Feb.…

  
• Why renters can stretch their income furthest in Surprise and Scottsdale - Read Article

  Why renters can stretch their income furthest in Surprise and Scottsdale

  2024-02-27T13:30:00-07:00

  RentCafe.com with a fresh report aimed at helping renters stretch their income. A bigger paycheck in a new city? That’s always a good upgrade, but there’s more to consider when it comes to relocating. The…

  
• Phoenix No. 3 among cities with largest rent decline in 2023 - Read Article

  Phoenix No. 3 among cities with largest rent decline in 2023

  2024-02-12T12:20:00-07:00

  A large amount of multifamily housing supply coming online is expected to suppress national average asking rent growth this year, according to a new special report from Yardi Matrix. The report also…

  
• Phoenix ranks 10th in office-to-apartment conversions - Read Article

  Phoenix ranks 10th in office-to-apartment conversions

  2024-02-06T11:10:00-07:00

  In 2024, developers are undertaking an extraordinary endeavor to rejuvenate aging office structures into inviting rentals, setting a historic record with the largest-ever conversion of office buildings into residential units: A total of 55,339 apartments are…

  
• CBRE secures $35.25 million in financing for Bella Olivia in Peoria - Read Article

  CBRE secures $35.25 million in financing for Bella Olivia in Peoria

  2024-02-05T07:20:00-07:00

  CBRE has secured a $35.25 million construction loan for Bella Olivia, a 112-unit build-to-rent (BTR) community in Peoria, Ariz. The property is currently under construction and will welcome residents in…

  
• Intersection Development breaks ground on Rainbow Road project - Read Article

  Intersection Development breaks ground on Rainbow Road project

  2024-01-26T13:00:00-07:00

  Intersection Development is set to break ground on Jan. 23 for their project Rainbow Road, the latest development on Roosevelt Row designed by Libeskind Studio Design. First announced in early 2023, the…

  
• Here are the most sought-after cities by renters in Arizona - Read Article

  Here are the most sought-after cities by renters in Arizona

  2024-01-20T20:00:00-07:00

  Chandler is the Valley’s top city to keep an eye on in 2024 after seeing increased rental activity throughout the last 12 months, according to an analysis from our researchers at RentCafe. Quick recap:…

  
• Multifamily rent decline continues in December, report shows - Read Article

  Multifamily rent decline continues in December, report shows

  2024-01-10T13:35:00-07:00

  The multifamily market ended 2023 with continued deceleration, recording a fifth consecutive month of rent decline in December, according to the latest Yardi® Matrix National Multifamily Report. The average U.S. asking rent…