Ep. 187 - Mesa's Mega Project, Phoenix Growth Rankings & Why Apartment Supply Is Slowing
Neighborhood Ventures Podcast · Neighborhood Ventures
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Show Notes
In this episode, we cover three major stories shaping Arizona real estate. First, Vestar unveils a massive mixed-use development in Mesa—complete with 2,500 apartments, a 600-room resort hotel, and millions of square feet of office and retail space. We discuss what this means for the East Valley's growth trajectory.
Next, we break down Phoenix Metro's dominance in national economic growth rankings, with Phoenix, Mesa, Gilbert, Chandler, Goodyear, Surprise, and Peoria all landing in the top 10 across categories like housing, jobs, and income growth.
Finally, we explore why apartment construction has dropped to a 10-year low—and what that means for rents, absorption, and investors in a high-demand market like Phoenix.