Here’s the latest rental activity and trends for the Phoenix Metro area for February 2022…
Closed Rental Units: 1,812 (13.61% increase year over year)
Median Lease Rate: $2,100 (19.66% increase year over year)
Average Lease Rate: $2,270 (20.30% increase year over year)
Average Days on Market: 25 (7.41% decrease year over year)