Matrix Multifamily Phoenix Report II-Summer 2021 September 15, 2021

Phoenix demand leads the nation

Phoenix rents posted the best performance in the U.S., rising 2.3% on a trailing three-month basis through July, to $1,453. Employment marked a 0.1% uptick in the 12 months ending in May, while through July, investment volume nearly matched the 2020 total amount.