Here’s the latest rental activity and trends for the Phoenix Metro area for December 2022…
Closed Rental Units: 2,131 (40.91% increase year over year)
Median Lease Rate: $2,020 (3.12% decrease year over year)
Average Lease Rate: $2,280 (1.74% increase year over year)
Average Days on Market: 41 (70.83% increase year over year)
