Phoenix stands head-and-shoulders above other Sun Belt peers as over 11,500 BTR units were underway there as of June, easily the top market nationally.
Six submarkets across the U.S. have more than 10,000 units under construction as of 3rd quarter 2023, led by New York’s Brooklyn and Phoenix’s Avondale/Goodyear/West Glendale subma
Sun Belt submarkets in suburban areas, primarily in Florida, have seen the nation’s strongest rent performances since the start of the pandemic. Meanwhile, rents among urban...
Annual job gains in the top markets in the country continued to slow compared to recent activity but are still relatively strong. Economic headwinds like higher inflation, consumer...