Here’s the latest rental activity and trends for the Phoenix Metro area for February 2023:
Closed Rental Units: 2,185 (20.58% increase year over year)
Median Lease Rate: $2,095 (0.24% decrease year over year)
Average Lease Rate: $2,292 (0.97% increase year over year)
Average Days on Market: 41 (65.38% increase year over year)
