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Demand Continues for B and C Multifamily

PHOENIX—B and C class property owners are able to offer A finishes and upgrades at a fraction of the rent of new construction, allowing tenants to live in desired neighborhoods at substantially lower costs.

CBRE Multifamily Research Seaman says a paradigm shift is being led by sophisticated investors.

PHOENIX—The Phoenix multifamily sector continues to mirror many national trends. Namely, rents are rising, vacancy is dropping and it seems large-scale, luxury apartment communities are coming out of the ground in every direction.  

Now, as rental demand remains steady and investors are actively trading assets at a healthy clip, unique trends are emerging across the Valley’s multifamily sector. One in particular is the growing demand for mid-size, class-B and C multifamily properties.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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