While Phoenix is getting allof the headlines, other Arizona markets are also seeing populationgrowth and strong apartment demand. Tucson is among the hot marketsin Arizona, experiencing population and job growth. As a result,the market is also seeing strong apartment demand and increasinginvestment activity.

"Multifamily demand in Tucson has been very strong, which hascreated increased occupancy levels across the market," JeffCasper at CBRE multifamily, tellsGlobeSt.com. "Tucson's expanding employment base, specifically intechnology and engineering jobs, has helped drive the robust demandfor multifamily housing. Additionally, multifamily ownershave been investing in the properties to create quality options forarea residents."

In fact, Tucson is comparable to Phoenix in terms of marketgrowth. "Phoenix and Tucson were two of the top markets in thecountry for rent growth in 2019," Asher Gunter, abroker at CBRE multifamily, says.  "Both metros are seeingdiversified job growth, population growth and heavy in-migrationfrom other states due to their quality of life and relativeaffordability."