November 23, 2024 7:08 pm
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Metro Phoenix rents climb three times as fast as U.S. average

By Catherine Reagor | The Republic

Metro Phoenix rents climbed nearly three times as fast as the average U.S. increase during the past 12 months, despite a slight reprieve for tenants last month.

Apartment rents flattened but didn’t plummet in metro Phoenix during April, as thousands of tenants struggled to pay or move due to lost jobs or furloughs during the COVID-19 crisis.

Phoenix-area renters still saw their monthly payments jump 8.1% during the past year, compared to 2.9% nationally, according to Colliers International.

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© 2024 Rose Law Group Reporter

Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.