Report: Multifamily construction spending exceeds $13B in Phoenix since 2000

Since 2000, spending on building apartments, condominiums and other multifamily projects has exceeded $13 billion in Phoenix, according to a new report.

That's $13.1 billion to be exact, according to the report from Apartment List. That total spending is the 10th highest among all major U.S. metro areas during the period from 2000 to 2016.

Spending on multifamily construction in Phoenix was 10.5 percent of the share of residential spending from 2000 to 2016, according to the report.


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