Sunbelt Real Estate (Phoenix)

전망 요약

A massive supply glut of luxury apartments is driving rents down, providing a strong disinflationary tailwind for the economy.

주요 포인트

• Phoenix rents fell 4% annually compared to 1.3% nationwide
• Over 54% of rentals in Phoenix are offering concessions (e.g., free rent)
• Supply of luxury units built during the pandemic is now exceeding demand