Here’s the latest rental activity and trends for the Phoenix Metro area for February 2021…
Closed Rental Units: 1,595 (8.86% decrease year over year)
Median Lease Rate: $1,755 (13.23% increase year over year)
Average Lease Rate: $1,887 (9.90% increase year over year)
Average Days on Market: 27 (3.57% decrease year over year)