This study puts some numbers to the Phoenix area rent and occupancy increases we’ve heard so much about.

Rent growth in the Phoenix-Mesa-Scottsdale MSA of 6.3% and the Las Vegas-Paradise MSA of 6.0% both reflected market consolidation… as their occupancies stabilized at 96.5% (up from 91.9% a year ago) and 95.2% (down from 96.3% a year ago) respectively.

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