September 23, 2026
Matrix Multifamily Phoenix Report – September 2026
Phoenix rents flatten again
Phoenix advertised asking rents were flat on a T3 basis through July at $1,529, while falling 2.1 percent YoY, the third-steepest decline among Matrix’s top 30 markets. Occupancy slipped 20 bps YoY to 93.2 percent in June.
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