Here’s the latest rental activity and trends for the Phoenix Metro area for August 2022…
Closed Rental Units: 2,289 (26.29% increase year over year)
Median Lease Rate: $2,200 (4.52% increase year over year)
Average Lease Rate: $2,373 (5.30% increase year over year)
Average Days on Market: 25 (55.56% increase year over year)