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Phoenix’s Soaring Multifamily Rent Growth May Prove Unsustainable in 2022

Even As Rent Gains Decelerate, the Valley of the Sun Is Set To Remain a Top Performer
CoStar Analytics
January 14, 2022 | 9:54 P.M.

Phoenix and a host of other markets perhaps have seen once-in-a-lifetime multifamily rent growth. Landlords who stuck it out since the onset of the pandemic have been handsomely rewarded with rents increasing by more than 20% annually.

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