{"id":9512,"date":"2025-07-10T06:09:00","date_gmt":"2025-07-10T06:09:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=9512"},"modified":"2025-10-21T06:20:34","modified_gmt":"2025-10-21T06:20:34","slug":"phoenix-multifamily-market-report-june-2025","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/phoenix-multifamily-market-report-june-2025\/","title":{"rendered":"Phoenix\u00a0Multifamily Market Report \u2013 June 2025"},"content":{"rendered":"\n<p class=\"has-normal-font-size\">Read the latest Yardi Matrix <strong><a href=\"\/blog\/phoenix-multifamily-market-report\/\">Phoenix Multifamily Market Report<\/a><\/strong>.<\/p>\n\n\n<hr \/>\n<h2>Strong Supply Dominates Fundamentals<\/h2>\n<p>Robust supply continues to pressure Phoenix\u2019s multifamily market, restraining rent growth and impacting occupancy, according to the latest Phoenix multifamily market report. Average advertised asking rents fell 3.1% year-over-year, to $1,550 in April, posting the third-lowest performance among Yardi Matrix\u2019s top 30 metros. More recently, however, losses slowed to a 0.2% decline on a trailing three-month basis. New supply also pushed down occupancy in stabilized properties. The rate decreased 40 basis points year-over-year, to 93.0% in March, lagging the 94.4% U.S. average, as reported by the <a href=\"\/blog\/national-multifamily-market-report\/\" rel=\"\"><strong>national multifamily market outlook<\/strong><\/a>.<\/p>\n<p><iframe id=\"datawrapper-chart-vE2VF\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Phoenix vs. National Rent Growth \" src=\"https:\/\/datawrapper.dwcdn.net\/vE2VF\/1\/\" height=\"329\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Interactive line chart\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}})}();<br \/>\n<\/script><\/p>\n<p>Phoenix\u2019s employment market remained on a softening trend, up 0.5% as of February. The metro actually lost 7,500 net jobs over 12 months. Yet, the unemployment rate was 3.1% as of April, outperforming the U.S. (4.2%) and state (4.1%). Phoenix\u2019s main employment sector, education and health services, added 12,600 positions. Professional and business services shed the most jobs (-10,600). While some of these positions were at Intel, the company\u2019s $32 billion expansion across two new factories in Ocotillo is still expected to create 3,000 direct manufacturing jobs.<\/p>\n<p><iframe id=\"datawrapper-chart-2DJyz\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Phoenix Employment Share by Sector \" src=\"https:\/\/datawrapper.dwcdn.net\/2DJyz\/1\/\" height=\"417\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Table\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}})}();<br \/>\n<\/script><\/p>\n<p>Following a two-year wall of deliveries, the pipeline is steadily cooling off. Still, figures remain fairly robust, with 3,763 units completed this year through April and an additional 34,937 units underway. Investment totaled $628 million through April, for a<br \/>price per unit that stood virtually flat compared to last year.<\/p>\n<p>Read the full Yardi Matrix Phoenix Multifamily Market Report: <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/7387-MatrixMultifamilyPhoenixReport-June2025\"><strong>June 2025<\/strong><\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Strong Supply Dominates Fundamentals Robust supply continues to pressure Phoenix\u2019s multifamily market, restraining rent growth and impacting occupancy, according to the latest Phoenix multifamily market report. Average advertised asking rents fell 3.1% year-over-year, to $1,550 in April, posting the third-lowest performance among Yardi Matrix\u2019s top 30 metros. More recently, however, losses slowed to a 0.2% [&hellip;]<\/p>\n","protected":false},"author":436,"featured_media":9052,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[513,457],"class_list":["post-9512","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","category-real-estate-trends","tag-multifamily-outlook-2025","tag-phoenix"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Phoenix\u00a0Multifamily Market Report \u2013 June 2025 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Robust stock expansion pressured both occupancy\u2014down 0.4 percent YoY to 93 percent in March\u2014and rent performance, Yardi Matrix reports.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardimatrix.com\/blog\/phoenix-multifamily-market-report-june-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Phoenix\u00a0Multifamily Market Report \u2013 June 2025\" \/>\n<meta property=\"og:description\" content=\"Robust stock expansion pressured both occupancy\u2014down 0.4 percent YoY to 93 percent in March\u2014and rent performance, Yardi Matrix reports.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/phoenix-multifamily-market-report-june-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-10T06:09:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-21T06:20:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2025\/02\/Phoenix-iStock-2197884357-MHN.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adina Rogoz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Anca Gagiuc\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Phoenix\u00a0Multifamily Market Report \u2013 June 2025 - 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