By Mike Sunnucks | Phoenix Business Journal
Apartment rents have jumped in South Scottsdale as the area sees more new complexes, other developments and job gains.
A new analysis of the multifamily marketplace by the Marcus & Millichap real estate firm finds apartment rents in South Scottsdale at $1,119 per month, up 13.5 percent from a year ago.
That puts the South Scottsdale area among the most expensive rental submarkets in the metro along with downtown Phoenix and Tempe, at $1,290 and $1,149 per month, respectively.
