June 24, 2026
Matrix Multifamily Phoenix Report-June 2026
Phoenix sees a spring gain
Phoenix advertised asking rents rose 0.2 percent on a T3 basis through April to $1,528, the first increase since May 2024. Elevated supply kept rents down 2.7 percent YoY and pulled occupancy 20 bps lower to 93.0 percent in March.
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