Here’s the latest rental activity and trends for the Phoenix Metro area for August 2021…
Closed Rental Units: 1,087 (47.23% decrease year over year)
Median Lease Rate: $2,100 (20.48% increase year over year)
Average Lease Rate: $2,265 (16.93% increase year over year)
Average Days on Market: 18 (28% decrease year over year)