Chandler Ranks No. 3 Nationally for Suburb Multifamily Development

Article originally posted on AZ Big Media on January 11, 2021

Big city life became less desirable as 2020 unfolded. Renters and homeowners alike considered moving out more than ever and the surrounding towns became a focal point of multifamily development in the U.S.

But which ones have the capacity to receive new residents? To find out, RENTCafé looked at the suburbs that built the most new apartments in the past five years.

Chandler is third in the national top 20

• Chandler is the 3rd suburb in the U.S. by number of new apartments built in the past 5 years — 4,805 new units have been introduced since 2016.

• The city added 19 new multifamily buildings, most of them garden-type.

• The past five years’ development accounts for 21% of Chandler’s total apartment supply.

Find Complete Article Here: https://azbigmedia.com/real-estate/chandler-ranks-no-3-nationally-for-suburb-multifamily-development/

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