Multifamily rents in Phoenix remained flat in June, extending a six-month holding pattern that started in January. While rent growth has been lukewarm to start the year, stagnant rents are a welcome sign for owners and property managers who were contending with steep monthly losses in the back half of 2022.
Phoenix Apartment Rents Remain Tepid in June
Elevated Supply and Economic Uncertainty Restrain Rent Growth Prospects
CoStar Analytics
July 28, 2023 | 6:26 P.M.
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