Phoenix apartment rents edge modestly higher in the first quarter
Broad dispersion across locations and quality segment. The average asking rent at Phoenix multifamily properties ticked up 0.1% in the month of March, extending a four-month winning streak that began in December of last year. Last month’s performance translates into a 0.4% rent gain for the opening quarter of 2026, the strongest quarterly growth in two years. Rent growth occurred unevenly last quarter, with broad variance across both submarkets and quality…»
Phoenix ranks among biggest office-to-apartment converters in U.S.
The 2026 Office-to-apartment conversions report by RentCafe.com revealed that in the Phoenix metro area 1,550 units are expected from no less than 6 office-to-apartment conversion projects, ranking as the 13th biggest converter in the nation. Here are the details: Phoenix’s biggest conversion of this type is Kierland Sky, where 420 units are expected to come online once the project is completed…»
Phoenix ranks in top 10 for corporate headquarters relocations, CBRE report says
Phoenix continues to be an attractive city for companies looking to relocate their headquarters, according to a new report from CBRE. The report ranked Phoenix No. 4 in the U.S. for gaining the most corporate headquarters, in a three-way tie with Nashville and Tampa, with a net gain of six HQ relocations in 2025. Some major HQ moves in the Valley last year include Dutch Bros moving its headquarters from Oregon to Tempe, and signed a lease for a 136,426 square-foot space at…»
What are those new boutique apartments coming to midtown Phoenix?
Location: 4235 N. 24th Street, just south of Glenrosa Avenue, near midtown Phoenix. Description: Construction of a new 36-unit apartment complex called CenTria Biltmore is underway. When complete, it’ll offer Phoenix’s renters attainable leases and help fill Arizona’s gap of much-needed middle housing, according to its developer. CenTria Living, an investment and development firm that builds boutique multifamily complexes, is behind the project, and two others…»
CRE Pricing Notches Up in March; Near-Term Outlook Uncertain
The Green Street Commercial Property Price Index increased 0.4% in March. Over the past 12 months, the all-property index has increased 2.6% but remains 15.5% below the 2022 peak, according to the Newport Beach-based research and advisory firm. “I think a lot of investors were hoping that interest rates would be lower by now, and that cap rates would be too, but it hasn’t played out that way,” said Peter Rothemund, co-head of strategic research at…»