Here’s the latest rental activity and trends for the Phoenix Metro area for July 2022…
Closed Rental Units: 2,289 (18.11% increase year over year)
Median Lease Rate: $2,200 (10.00% increase year over year)
Average Lease Rate: $2,373 (7.52% increase year over year)
Average Days on Market: 25 (56.25% increase year over year)