Demand Fuels Dynamic Growth of Multifamily Market in Phoenix

AZ Big Media

Posted In — News & Press | In the News

The multifamily market weathered the pandemic much better than other commercial real estate sectors, according to report from Kidder Mathews. While rent growth fell below historical averages, average monthly rent collections remained above 93 percent every month last year according to the National Multi Housing Council Rent Payment Tracker and overall vacancy remained within historical norms. Facing a global pandemic and an unprecedented national economic shutdown, multifamily fundamentals impressed.

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