Fort Lauderdale may sit atop Marcus and Millichap’s 2026 multifamily rankings, but the real story is how a diverse mix of Sun Belt gateways and tech‑driven hubs are winning on the same fundamentals: tightening vacancy, sharply curtailed construction and renters effectively locked out of homeownership. Together, these forces are concentrating capital in a select group of markets where modest job gains, AI‑linked hiring and demographic tailwinds are still powerful enough to support rent growth even
Population growth slowed significantly across the United States between 2024 and 2025, thanks largely to a sharp drop in net international migration, the latest report from the U.S. Census Bureau shows. That trend held true in Arizona, as well, according to the Census Bureau’s Vintage 2025 population estimates released Tuesday. Even so, the Grand Canyon State remained one of the fastest-growing states in the nation
Consumers maintained robust spending in late 2025, according to new Bureau of Economic Analysis data released last week that had been delayed by the federal government shutdown. However, shoppers increasingly dipped into savings accounts to get through the holiday season, reducing the personal savings rate to a three-year low. And with year-over-year real spending growth outpacing disposable
The West Valley city of Goodyear is poised to get a new master-planned community near Estrella Mountain. Goodyear City Council approved a general plan amendment and rezoning request at a Jan. 26 meeting for Rio 1900 – a development proposed by Harvard Investments. The project would bring thousands of new homes and apartments, retail, dining and even a potential resort to the area near Estrella
Arizona is in the middle of another shift in how housing gets planned and built, and for real estate investors, one change worth paying close attention to is House Bill 2721, often referred to as the state’s “middle housing” law. In simple terms, HB 2721 – which went into effect on Jan. 1 – requires larger cities, including Phoenix, to allow certain small-scale multifamily housing types such as duplexes
On most headline metrics, institutional multifamily still looks healthy: demand is intact, rent growth has not collapsed and agency delinquency remains low by historical standards. Yet beneath those aggregates, a specific slice of loans is drawing attention inside credit committees and loan sale shops: the 2021–2022 vintages. Trepp’s research team has been flagging this cohort as the point where “post‑GFC conservative
The global retail giant is leasing a 1,063,188-square-foot building at West 202 Logistics – a sprawling industrial infill industrial project off the I-10 and Loop 202 interchange. Amazon currently leases millions of square feet across about three dozen facilities throughout the Phoenix metro for its warehousing and distribution operations. This new space is just west of downtown Phoenix
A manufacturer of distribution transformers has acquired a large industrial building in the Phoenix area with plans to open a new facility. Electric Research & Manufacturing Cooperative, also known as ERMCO, purchased the 566,121-square-foot distribution building in Waddell for $90.58 million, or $160 per square foot. Indicap and Invesco were the sellers of the property, which is located
Workers were not the only ones coming back to offices last year. Stable interest rates, improving supply-and-demand fundamentals and broader agreement on pricing underpinned a surge in building sales in the beleaguered sector. Office sales volume for 2025 was more than $56 billion, an increase of $10 billion from 2024, according to CoStar’s preliminary year
After several years of retreat, regional banks are dipping their toes back into commercial real estate lending—signaling fresh confidence as interest rates ease and underwriting tightens. The change marks a notable reversal from the pullback that followed the Federal Reserve’s rapid rate hikes in 2022, when looser underwriting standards and rising costs made CRE
On Jan. 21, DSV broke ground on its new Arizona regional headquarters in Mesa on Wed., January 21. The $14.5 million investment supports Arizona’s high-growth industrial sectors with a 950,000 square foot facility that will serve as a hub for DSV customers and house all service offerings, including air, sea, and road transport, and contract logistics, including inventory management
Carol Schillne and Cole Schillne with ORION Investment Real Estate represented the tenant, JING, a popular Colorado-based Asian restaurant concept, in a long-term lease. The Schillne Retail Team represented JING of Denver, Colorado, in a retail lease at the Shea Scottsdale Shopping Center, 10605 N. Scottsdale Road, Suite 101, in Scottsdale. A new JING occupies the 9,200 SF space of a former
Opposition is mounting regarding another Valley data center project. Last month, a planned $2.5 billion, 422,000-square-foot artificial intelligence data center championed by former U.S. Sen. Kyrsten Sinema was voted down by Chandler City Council, which rejected a rezoning and development agreement for the project after a marathon meeting that featured significant public
Los Angeles-based Stockdale Capital Partners plopped down $110.25 million for its second multifamily acquisition in metro Phoenix. The Jan. 22 acquisition of Avant at Fashion Center in Chandler represents the largest multifamily transaction sale by total price in metro Phoenix so far this year, according to CoStar Group/Homes.com and Northmarq research analysts. The 335-unit property was 94% occupied
Renter urgency may be poised to rise after more than two years of historically low pressure, according to a new analysis from Apartment List that tracks how quickly renters plan to move when beginning their apartment search. The findings are based on aggregated responses to the question “How important is your move-in date?” which users answer when signing up on the Apartment List platform. Since
Settled in the East Valley, Tempe, a city lined with red bricks, bustling roads, a sparkling lake that borders its college campus and the iconic Mill Avenue, is seeing new developments and revitalization to its 131 years of history. Despite the restrictions Tempe Town Lake poses, the city continues to find different ways to expand within its limits as its population increases and its lifestyle shifts to an
As the multifamily industry turns the page to 2026, the lending environment is defined less by scarcity and more by selectivity. Capital is plentiful, and the government-sponsored enterprises’ (GSEs’) lending caps have expanded; however, lenders are being more strategic and disciplined. “Big picture, if you look at the multifamily lending market right now, it’s clear we’re
Even as the U.S. office sector ended 2025 with a 9.6% year-over-year decline in leasing volume, Avison Young’s just-released Q4 2025 U.S. office market overview points to a surge in both lending to owners and venture capital investment in occupiers. Lending activity rose 92% Y-O-Y to reach $45.8 billion in originations, with trophy and Class A properties capturing the lion’s share
The Latino grocery store chain Vallarta Supermarkets this week expanded beyond California for the first time. The grocer opened a new location Jan. 14 in Glendale, Arizona. The store, which was announced in October, sits at 5836 W. Camelback Road and spans more than 49K SF. Vallarta, a family-owned company, has some 60 grocery stores in California. The opening in Glendale, a
A dozen Arizona chefs, mixologists and restaurants are James Beard Award semifnalists. Why it matters: The coveted culinary honor celebrates the best in the industry and a win often takes chefs and their restaurants to new heights. Zoom in: This year’s Arizona nominees include some long-timers and a few fresh faces. Outstanding chef: Charleen Badman, FnB (Scottsdale)
Vallarta Supermarkets, the Southern California-based Latino grocery store, is preparing to open its second location in Arizona later this year. The grocery chain just opened its first Arizona store this month in Glendale in the Grandview Plaza shopping center — at the northeast corner of 59th Avenue and Camelback Road — and already is working on its second location. The company’s next store
The U.S. multifamily sector closed 2025 with easing demand, elevated supply, and rent growth that flattened after nearly two years of modest gains. The past year was marked by deceleration across several indicators as the market continued to adjust to three consecutive years of substantial new completions. Demand remained healthy but stepped down from the previous
Real estate fundraising has bounced back, increasing 29 percent year-over-year to $222.2 billion in 2025, according to the latest PERE fundraising report. This represented the first annual volume growth since 2021. Investors, however, were not as convinced on the multifamily front alone, with capital earmarked for such assets making up 32 percent of fundraising in 2025, down from 49 percent
In 2019 and 2020, Old Town Scottsdale residents and business owners were sharply divided by two words: Museum Square. As the Progress reported in a series of articles, the planned Old Town development needed – and, apparently, received – the blessing of its neighbor, the Gateway at Main Street condos. But was the removal of Gateway-city deed restrictions on neighboring development heights fairly