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Phoenix-Area Apartment Market Is Booming

The first quarter of this year boasted the Phoenix area’s highest-ever rents and lowest-ever vacancies; that’s all according to an analysis by Pete TeKampe, he’s vice president of investments at the Real Estate Investment Services firm Marcus & Millichap in Phoenix.

When you dig down into the numbers, there are a few surprises — including the fact that the highest vacancy rates in the Valley are in uptown and central Phoenix — considered pretty popular parts of town.

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Mark Brodie is a co-host of The Show, KJZZ’s locally produced news magazine. Since starting at KJZZ in 2002, Brodie has been a host, reporter and producer, including several years covering the Arizona Legislature, based at the Capitol.