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As 2024 comes to a close, Phoenix multifamily rent growth on pace to underperform 2023

Luxury properties took the brunt of losses
CoStar Analytics
19 December 2024 | 16:12

The Phoenix apartment market extended its rent-losing streak last month as supply-side pressure and persistently elevated vacancy hamper rental rates.

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News | As 2024 comes to a close, Phoenix multifamily rent growth on pace to underperform 2023