Tempe Parking Lot Turning Into Affordable Apartments

By Corina Vanek | Arizona Republic An apartment project the developer hopes will become a model for urban, attainably priced housing around the country will begin construction in Tempe soon and will include redeveloping an office parking lot into a 129-unit apartment complex. The project, called Dwell: A Work @ Home Community, will be built …

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Phoenix Renters Increase 90% From 2011 to 2020

Eight of the 20 neighborhoods that grew their renter populations by more than 80% in the past decade are in or near downtowns. Similarly, our latest report on the top neighborhoods for apartment construction showed a historic boom in centrally located areas in the last five years — a timely response to the increased demand for rentals …

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Rising Rents, Lower Credit Scores in Phoenix — What’s Next?

By Angela Gonzales | Phoenix Business Journal While year-over-year apartment rents continue to rise in metro Phoenix, the credit scores of renters are dropping. Renters in Phoenix have an average credit score of 613 in 2020, down from 619 in 2019 and 617 in 2018, according to a new study from RentCafé. Looking at the …

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Phoenix Metro Apartment Construction Expected to Drop 37%

By Angela Gonzales | Phoenix Business Journal Apartment construction in the Valley has dropped off sharply this year, with the region experiencing one of the biggest declines in projected apartment unit construction among the 20 largest U.S. metros. With 5,665 new apartment units projected to be completed by the end of the year, down 37% …

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