Here’s the latest rental activity and trends for the Phoenix Metro area for March 2021…
Closed Rental Units: 1,687 (5.38% decrease year over year)
Median Lease Rate: $1,799 (12.44% increase year over year)
Average Lease Rate: $1,929 (9.66% increase year over year)
Average Days on Market: 23 (3.57% decrease year over year)