Phoenix Multifamily Market Report
By CREhunt Research · Data through Q1 2026 · Aggregated from , , Cushman & Wakefield
Quarterly multifamily market indicators for Phoenix, aggregated by CREhunt from , , Cushman & Wakefield. As of Q1 2026, average asking rent was — with a 11.8% vacancy rate.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | — | 11.8% | 4K SF | — | |
| Q1 2026 | — | 12.1% | — | — | |
| Q1 2026 | — | 2.3% | — | 2K SF | Cushman & Wakefield |
| Q4 2025 | — | 12.4% | — | — | |
| Q4 2025 | — | 4.0% | 0K SF | 1K SF | Cushman & Wakefield |
| Q1 2025 | — | — | 1K SF | — | Cushman & Wakefield |
Frequently asked questions
- What is the average asking rent for multifamily space in Phoenix?
- CREhunt aggregates multifamily asking-rent data for Phoenix from major brokerage market reports; see the quarterly table for the latest available figures.
- What is the multifamily vacancy rate in Phoenix?
- The multifamily vacancy rate in Phoenix was 11.8% as of Q1 2026.
- Where does CREhunt's Phoenix market data come from?
- This report aggregates quarterly multifamily market data for Phoenix from Cushman & Wakefield.
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