In some ways, Phoenix apartment owners and operators are playing with house money. Though topline rents were declining through the back half of last year, the aggressive growth seen in 2021 and early 2022 means average rent levels are 10% above where they would have been assuming a pre-COVID rate of growth.
Despite Steep Losses Last Year, Phoenix Apartment Rents Remain Above Pre-Pandemic Trend
Asking Rents Have Moved Sideways Over the Past Five Months
CoStar Analytics
June 22, 2023 | 8:11 P.M.
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