Here’s the latest rental activity and trends for the Phoenix Metro area for October 2020…
Closed Rental Units: 1,819 (8.64% decrease year over year)
Median Lease Rate: $1,725 (11.29% increase year over year)
Average Lease Rate: $1,906 (10.43% increase year over year)
Average Days on Market: 43 (38.71% increase year over year)
