Phoenix lands in top 10 real estate markets to watch in 2026

Article originally posted on Phoenix Business Journal on November 5, 2025

Phoenix is among the top 10 markets to watch in 2026, according to PricewaterhouseCoopers’ and Urban Land Institute’s Emerging Trends in Real Estate 2026 report.

Released on Nov. 5, the PwC/ULI report draws on insights from more than 1,700 leading real estate investors, developers, lenders and advisers across the U.S. and Canada. The report identifies key opportunities, risks and market shifts that will shape the industry in 2026.

Phoenix ranked 10th among the top U.S. markets to watch in 2026.

Dallas-Forth Worth, Jersey City and Miami made the top three, followed by Brooklyn, Houston, Nashville, northern New Jersey, Tampa-St. Petersburgh and Manhattan.

The report examines how sector dynamics are evolving as investors adapt to new market circumstances:

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