Apartment Real Estate Brokers - Phoenix

Overview of Phoenix Apartment Real Estate Investment

The Phoenix apartment real estate market is poised for substantial growth with multifamily apartment investments waiting to be taken advantage of. The Phoenix market is replete with lucrative multifamily home investment opportunities, as apartments in Phoenix are predicted to be in high demand into 2019 and beyond.

Multifamily homes in Phoenix are predicted to be in high demand well into 2019. Employment has been increasing steadily, the unemployment rate is falling (at 4.5 percent in Jan. 2018), and wages are climbing. Economic conditions are creating opportunities for Phoenix commercial real estate investors.

Investing in Apartment Real Estate in Phoenix, AZ

An attractive market for Phoenix commercial real estate investment is being fueled by economic trends. Employment has been increasing steadily, the unemployment rate is dropping (only 4.5 percent in Jan. 2018), and wages are climbing. Economic conditions are proving favorable for Phoenix commercial real estate investors.

In 2017, more than 17,000 multifamily units were under construction in the Phoenix area with over 11,000 more units planned for 2018 across 56 properties. Experts believe the Phoenix commercial real estate market is still bullish on multifamily apartments, but new developments will need to moderate on build-outs, amenities and price per square-foot. As for multifamily property sales, bargains are becoming increasingly available to Phoenix commercial real estate investors.

Trends Affecting Phoenix Apartment Real Estate Investment in Multifamily Homes

WalletHub's analysts say that the Phoenix metro area is approaching the mid-point of the current multifamily rental expansion. Sixty-one multifamily projects totaling 15,406 units are currently under construction in Greater Phoenix with 68 more projects in the planning stages. Some 150,302 new apartment units will be needed by 2030 to meet expected demand. Renter demand is proving strong enough to more than offset the new construction. Central Phoenix and North Central Phoenix are among the hot spots for recent development.

The vacancy rise in the summer months is not changing the overall direction of the market, now in its eighth year of a sustained improvement cycle. Downtown Phoenix and Tempe are predicted to be the most fertile areas for commercial real estate investment, with boutique, garden-style apartment communities gaining momentum in Queen Creek and Northwest Phoenix. These trends will continue to attract commercial investors in Phoenix real estate.

Apartment Real Estate Investment in Phoenix Multifamily Apartments

According to WalletHub's analysts, eight cities in the metro Phoenix area rank in the top 12 cities to rent in the US. Between 55,000 and 70,000 new apartment units are expected to be built from 2018 - 2030. The Arizona MultiHousing Association and the National Apartment Association reported that Phoenix will need to increase the number of multifamily units by 38% over the next decade, and at all price points. Phoenix will need to average 10,736 apartment units per year to meet the demand. In the process, Phoenix commercial real estate investors, along with developers, managers and residents, will contribute $9.9 to Phoenix's economy annually.

Phoenix will continue to offer opportunities for commercial real estate investment in multifamily luxury housing. Amenities are becoming prominent in luxury buildings. Community features such as saltwater pools and resident lounges are more common in new construction and as part of value-add repositioning for Phoenix commercial real estate investment.

Phoenix Apartment Real Estate Investment Expertise

Joseph Bernard specializes in multifamily home investment, with extensive experience serving Phoenix commercial real estate investors. We provide up-to-date research, contract negotiations, deal structuring, and due diligence. You won't find brokers who know more about commercial real estate investment in Phoenix than Joseph Bernard.

We provide a thorough analysis of your Phoenix multifamily home investment to help you understand the Phoenix commercial real estate market value. This will enable you to move, hold, or disburse your equity into other commercial real estate investments at opportune times.

"Phil was awesome!" ~ Ryan L.

"Top level service!!" ~ Jim K.

"Bernie has been very good for us, finding us just the right properties, and doing a fantastic job selling our properties." ~ Kelly F.

"I really enjoyed working with Michael and if in the market in the future, I would call Michael first." ~ Mike M.

"Completely satisfied with your services." ~ Diane P.

"Great company - great service." ~ Debby N.

"They were on top of the process and got the right buyer quickly." ~ Jason H.

"Bernie was fantastic all the way through the buying process. Thank you for all of the help and for walking me through each step." ~ Don B.

"5-star, very impressed! I learned a lot." ~ Elizabeth D.

"Phil worked hard and did everything the way I like it done. He is very focused and, unlike many brokers, is willing to work. He set up everything and was very good to work with and I have worked with many brokers." ~ Joseph T.

"Fantastic process, would use again." ~ Grant B.

"They answered all my questions and were extremely helpful and supportive through the whole process." ~ Joe N.

"We'll be back in the future and will recommend you to others." ~ Peter & Linda A.

"Especially towards the end of transaction, Joe's tenaciousness and communication with all parties helped to finally secure a closing. We really appreciate his extra efforts which were instrumental in bringing together those that were less than professional. Thank you for making this difficult transaction a success!" ~ Mike & Heidi S.

"Hunter Brookshier could not have done a better job for me. He is knowledgeable, prompt, responsive, unflappable, and kind. He navigated the rigid 1031 Exchange deadlines of my purchase with aplomb. Working with Hunter could not have been a more positive experience, he is a true professional and an absolute pleasure to work with." ~ Lisa B.

"Joseph Chaplik did an excellent job finding a buyer and completing the sale in a timely manner." ~ Richard D.

"Excellent service. Professional and confident." ~ Cindy M.

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