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Phoenix Under Pressure Robust stock expansion pressured both occupancy—down 0.4 percent YoY to 93 percent in March—and rent performance, down by 3.1 percent YoY through April to $1,550. While the pipeline was solid as of April, new construction has dwindled.
Robust stock expansion pressured both occupancy—down 0.4 percent YoY to 93 percent in March—and rent performance, down by 3.1 percent YoY through April to $1,550. While the pipeline was solid as of April, new construction has dwindled.
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