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Phoenix risesStrong demographic expansion pressured demand and rents rose 0.9% on a trailing three-month basis through April to $1,316. The employment market shrunk by just 3.7% in the 12 months ending in February, putting the city in a much stronger position than most. Meanwhile, transaction and development remained elevated.
Strong demographic expansion pressured demand and rents rose 0.9% on a trailing three-month basis through April to $1,316. The employment market shrunk by just 3.7% in the 12 months ending in February, putting the city in a much stronger position than most. Meanwhile, transaction and development remained elevated.
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