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Rent Drop Stops Phoenix rents flattened in July on a T3 basis following a prolonged downward spell, while U.S. growth was 0.3%. With incoming inventory nearly double the 0.9% national rate, occupancy will likely continue to be impacted, having dropped 70 basis points year-over-year as of June.
Phoenix rents flattened in July on a T3 basis following a prolonged downward spell, while U.S. growth was 0.3%. With incoming inventory nearly double the 0.9% national rate, occupancy will likely continue to be impacted, having dropped 70 basis points year-over-year as of June.
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