Housing

Build-to-rent construction surges

Built to rent housing is filling a market desire in the Valley of the Sun. Like apartments, the units are located together and operate under one owner. But, the detached single-family homes offer luxuries that can’t be found in a multifamily complex, such as a yard.

Mark Boisclair

High interest rates and the need for amenities have pushed some Valley renters to choose freestanding build to rent apartment homes.

Build-to-rent in Phoenix is booming.

There are currently more than 13,100 units under construction in the region with plans to build an additional 2,700, according to a Yardi Matrix press release. Arizona ranks second in that housing segment just behind Texas.

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Build-to-rent construction surges

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