LA's real estate market has 4-4.9% vacancy rates, while Tempe and Phoenix show higher vacancy and rent pressures. The speaker warns developers to hold off on new Phoenix projects for over two years to avoid overbuilding.
Are you in the deal room? So market growth, rent per, per number, and this is just, you know, doing the numbers. Numbers tell you what to do, right? So I call that person back. So anyway, go back to, go back to our source and you can see here, again, like you can go read each report if you want to. In the LA markets, again, like vacancy is around 4, 4.9. So LA is not saturated in the same way that, that Tempe and Phoenix are. So what that means is the comparison implies that holding off on development for more than 2 years— isn't that about what I told you last night?
