Phoenix Leads Nation in Expected Apartment Deliveries in 2022, Report Says

Article originally posted on Phoenix Business Journal on January 13, 2022

In a year when more new apartment units are being built nationwide since the 1980s, Phoenix is setting a scorching pace for new multifamily projects.

The Valley is set to add some 22,000 apartment units in 2022, ranking No. 1 in the nation according to a report from Texas-based RealPage, which tracks multifamily leases across the country.

With nearly 21,000 units expected to come online in 2022, RealPage said New York City ranks No. 2, followed by Los Angeles; Newark, New Jersey; and Austin, Texas, which are expected to deliver between 18,000 and 19,000 units.

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