Explore the intricate dynamics of the Phoenix real estate market in our comprehensive forecast for 2024. Delve into the trends that shaped 2023, witnessing resilience in the face of fluctuating interest rates and evolving construction landscapes. Anticipate a promising outlook for 2024 in Phoenix, expecting steady rent growth amid potential increases in vacancy rates. Meanwhile, Tucson’s market projections suggest a continuation of previous trends, highlighting the scarcity of small bay inventory.