Here’s the latest rental activity and trends for the Phoenix Metro area for January 2022…
Closed Rental Units: 1,513 (6.20% decrease year over year)
Median Lease Rate: $2,100 (23.53% increase year over year)
Average Lease Rate: $2,306 (22.53% increase year over year)
Average Days on Market: 26 (13.04% increase year over year)