Hanger at Thunderbird was named one of the top 10 lease-ups in Arizona for 2023 in Multifamily Executive!

Arizona, especially the Phoenix metro area, continues to be one of the nation’s hot spots for new multifamily supply as well as demand.

Zonda calculated the top lease-ups for major markets in the state for 2023, using its own proprietary scoring system that looked at a handful of factors to determine effectiveness. Some of the criteria included the size of project (bigger got more points), construction completion date (if they were achieving strong absorption while still under construction, they got a more favorable rating), absorption rate, rents (higher the better), concessions (lower the better), and online rating score (the happier the residents, the better).

Click here to view Multifamily Executive’s top 10 lease-up projects in Arizona in 2023.