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Rent Growth Stays LimitedPhoenix’s advertised asking rent growth decreased 10 bps on a T3 basis through July, to an average of $1,579, aftera significant 30,000 units came online over the past 31 months. But, occupancy in stabilized assets slid just 30 bps YoY to 93.4 percent as of June.
Phoenix’s advertised asking rent growth decreased 10 bps on a T3 basis through July, to an average of $1,579, aftera significant 30,000 units came online over the past 31 months. But, occupancy in stabilized assets slid just 30 bps YoY to 93.4 percent as of June.
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