Phoenix is the 9th largest multifamily market with 339,651 completed units and 113,046 units in development, 37,800of which have already broken ground, as of September 2022.
Phoenix Multifamily Market Summary – September 2022
New lease asking rents are at $1,684, up 9.5%▲
from the previous year placing Phoenix at 70th
overall in year-over-year rent growth.
Phoenix Multifamily Market Summary – August 2022
New lease asking rents are at $1,684, up 9.5%▲
from the previous year placing Phoenix at 70th
overall in year-over-year rent growth.
Phoenix Multifamily Market Summary – July 2022
New lease asking rents are at $1,692, up 13.3%▲
from the previous year placing Phoenix at 40th
overall in year-over-year rent growth.
Phoenix Multifamily Market Summary – June 2022
New lease asking rents are at $1,689, up 16.8%▲
from the previous year placing Phoenix at 22nd
overall in year-over-year rent growth.
Phoenix Multifamily Market Summary – May 2022
New lease asking rents are at $1,667, up 18.1%▲
from the previous year placing Phoenix at 15th
overall in year-over-year rent growth.
Phoenix Multifamily Market Summary – April 2022
New lease asking rents are at $1,665, up 20.6%▲
from the previous year placing Phoenix at 10th
overall in year-over-year rent growth.
Phoenix Multifamily Market Summary – March 2022
New lease asking rents are at $1,657, up 23.1%▲
from the previous year placing Phoenix at 6th
overall in year-over-year rent growth.
Phoenix Multifamily Market Summary – February 2022
New lease asking rents are at $1,652, up 25.3%▲
from the previous year placing Phoenix at 5th
overall in year-over-year rent growth.
Phoenix Multifamily Market Summary – January 2022
New lease asking rents are at $1,640, up 25.6%▲
from the previous year placing Phoenix at 4th
overall in year-over-year rent growth.
Phoenix Multifamily Market Summary – December 2021
New lease asking rents are at $1,618, up 25.3%▲
from the previous year placing Phoenix at 2nd
overall in year-over-year rent growth.
