Multifamily developers continue to build at a vigorous pace in the Phoenix metropolitan area, but a unique segment of the market, single-family rentals, is gaining traction in the suburbs like the West Valley submarket. Of the 1,660 units currently underway in the submarket, about 42% is attributed to single-family rentals.
Single-Family Rentals Compete with Traditional Apartments in Phoenix’s West Valley Submarket
CoStar Market Insights: Developers Get Creative, Delivering New Solutions in Response to Low Levels of Single-Family Construction
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- Properties
- Avilla Meadows
15400 Waddell Rd, Surprise, AZ