Arizona Capital Migration (2022)

In 2022, 85% of the capital invested in Arizona multifamily assets originated from out of state.
47%
Of the overall capital flowed from out of state metropolitan areas such as New York*
70%
Avg $/Unit has risen due to this extra activity

The real estate market in Arizona is experiencing strong growth and demand, particularly in urban centers such as Phoenix and Tucson. The market is driven by a growing economy, population growth, and a desirable quality of life, which has resulted in low vacancy rates and increasing rental rates for multifamily and single-family properties.

*Data aggregated for multifamily sales in Arizona from January 1, 2022 to Dec 31, 2022.

Based on 85% of the capital invested in Arizona multifamily assets originating from out of state and a 70% Avg $/Unit increase due to this extra activity, Arizona is a good market to invest in. To get this information in a one-page summary, click here.

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