Exchange: Large rent increases squeeze metro Phoenix tenants

According to the Federal Reserve, Metro Phoenix median household income climbed 22% during 2016 and 2021, but the area's rents climbed almost 80% between that time, per real estate brokerage Colliers.

According to the Federal Reserve, Metro Phoenix median household income climbed 22% during 2016 and 2021, but the area's rents climbed almost 80% between that time, per real estate brokerage Colliers.

In this story published March 19, 2022, in The Darien Times:

Valley rents are among the fastest growing in the nation, and wages aren’t growing that fast. We have a problem.

– Mark Stapp, executive director of the Master of Real Estate Development program and Fred E. Taylor Professor in Real Estate