After remaining flat during the first half of the year, Phoenix apartment rents are showing signs of weakness in late summer. Valley multifamily properties recorded a 0.4% decline in average asking rents in August, following a 0.2% reduction in July.
Phoenix Apartment Rents Fall for Second Straight Month in August
Rates Ease as Operators Focus on Maintaining Occupancy
CoStar Analytics
September 13, 2023 | 4:25 P.M.
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