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Phoenix Multifamily Vacancies Continue To Rise

Rent Growth Decelerates After Record-Setting Gains
CoStar Analytics
July 29, 2022 | 8:08 P.M.

Robust job and population growth have fueled a hot real estate market in the Valley of the Sun. In-migration trends here are among the best in the United States in part due to Phoenix's proximity to Southern California. And apartment builders have plenty of units in the pipeline for newcomers.

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