Rent prices dropping across Phoenix metro area: Here's why
A surge in multifamily construction has pushed rents down across the metro, but a W. P. Carey expert says rising occupancy could drive prices back up next year.
Isys Morrow
In this article published April 3, 2026, on FOX10 Phoenix:
A multifamily construction boom in the Valley has led to more available units than renters can absorb.
— Mark Stapp, Fred E. Taylor Professor in Real Estate, executive director of the Master of Real Estate Development program, and director of the Experiential Learning Lab
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