Arizona’s largest city continues to lead the nation in the number of build-to-rent units under construction, according to a new report.
That report, issued by the company Point2Homes of Santa Barbara, reveals that the city’s embrace of this kind of construction has seen a 309% increase in the last five years.
As of the end of 2024, Phoenix had added another 4,460 BTR units, with 134 of those units built within the growing Bungalows on Camelback community on the northwest side of the city.
Phoenix’s BTR construction boom is expected to see more than 13,000 units in the months ahead. That figure is particularly impressive when compared with the next-largest BTR city, Dallas, with an expected 8,500 units. More than 6,600 units, meanwhile, are forecast for Atlanta.
Western cities are proving particularly amenable to the BTR movement, with three cities in Texas—Houston, Austin, and San Antonio—expected to see 4,000, 3,900, and 2,250 new units, respectively. Denver, meanwhile, will remain on the top twenty BTR cities with just over 1,200 units.
Looking at those cities from the perspective of the last five years, Dallas has seen a 244% increase in BTR units, enjoying a 151% jump, Austin is up by 203%, and Denver has experienced a 125% increase.
The reasons for Pheonix’s explosive BTR growth appear to be many. But, according to the site AZBigMedia, one of the factors in its favor has been that it has room for the “development of sprawling communities.”
That space component has allowed for the additional construction of garages and landscaped front and back yards.
Industry experts believe that besides Phoenix, the Arizona cities of Buckeye, Maricopa, and Queen Creek may be poised for an upcoming wave of BTR construction, largely due to the availability of developable land.
May 13, 2025
By Garry Boulard
Photo courtesy of Unsplash
