Tommy DobczykOpportunity Zone Advisor, OZ Wizard · Director of Development | Certified Opportunity Zone Advisor

Phoenix Multifamily Market BOOM: Oversupply or Opportunity? #shorts

30 May 2026 · 1 min

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In this short market commentary, Tommy Dobczyk notes that Phoenix multifamily properties are achieving effective rent growth of roughly 12% to 12.5% despite an apparent oversupply in lease‑up pricing. He cites Cushman & Wakefield data showing strong demand with about 16,000 net absorption units projected for 2025, but highlights that supply remains high with roughly 20,000 new units slated for delivery the same year. He also points out a market shift, indicating that future deliveries are increasingly concentrated in the East Valley.

Are you in the deal room? Supports is that, that Phoenix multifamily has been running about 12 to 12.5% in recent reports, uh, even though reflecting that there's an oversupply in lease-up pricing. So Cushman reports that 16,000 units of net absorption in 2025, which is strong demand, but still against a very large delivery rate. So Cushman also reported that 20,000 units delivered in 2025 show a shift to the East Valley going forward.