A recent survey of commercial real estate investors ranked Phoenix as a top 10 target among U.S. metros. Phoenix slipped three spots to #10 in CBRE’s 2025 U.S. Investor Intentions Survey.

Phoenix is recognized by investors for its pro-business environment, strong population growth, and robust demand across asset types, making it a key target. Dallas maintains its position as the top market for investment for the fourth consecutive year, with Miami ranking second. Boston emerges as an appealing market for investors, with Washington, D.C., and San Francisco also rejoining the top 10 most preferred ranking. Sun Belt markets continue to draw interest, with Atlanta, Raleigh-Durham, and Austin all ranking in the top 10 due to their growth potential.

CBRE’s Charlie von Arentschildt remarked, “In the Phoenix office market, for example, opportunities to acquire Class A buildings in prime locations are highly limited, and when such opportunities arise, investor interest is significant. As a result, we’ve seen a growing focus on value-add strategies, as they aim to reposition well-located, older assets to compete with the limited supply of trophy products.”

April 10^th: Early Bird Registration is Open! Join Phoenix & Scottsdale’s most active multi-housing dealmakers and decision makers at The Westin Kierland Resort on April 10^th. Take advantage of the discounted early bird registration rate while it lasts and be there in-person to learn what the industry’s foremost experts forecast 2025 will bring to dealmaking, investment, development, management, financing, and more in the region! Connect Phoenix Multifamily, SFR & BTR | Thursday, April 10 at The Westin Kierland Resort & Spa, Scottsdale, AZ.