Here’s the latest rental activity and trends for the Phoenix Metro area for December 2021…
Closed Rental Units: 1,513 (9.51% decrease year over year)
Median Lease Rate: $2,085 (20.87% increase year over year)
Average Lease Rate: $2,241 (18.76% increase year over year)
Average Days on Market: 24 (4.00% decrease year over year)