Here’s the latest rental activity and trends for the Phoenix Metro area for September 2021…
Closed Rental Units: 1,807 (4.94% increase year over year)
Median Lease Rate: $2,100 (23.53% increase year over year)
Average Lease Rate: $2,320 (22.56% increase year over year)
Average Days on Market: 18 (28% decrease year over year)