Here’s the latest rental activity and trends for the Phoenix Metro area for January 2023:
Closed Rental Units: 2,107 (39.26% increase year over year)
Median Lease Rate: $2,045 (2.62% decrease year over year)
Average Lease Rate: $2,269 (1.60% decrease year over year)
Average Days on Market: 43 (65.38% increase year over year)
