Apartment Market and Sales Insights
Rents, Occupancy and Concessions – As of Q2 2025, rents over the past three years, for all class properties, have declined an average of 5%. Since a high of 96.2% in Q3 2021, occupancy is now holding around 93%. The current average lease concessions are 10% of the annual rent, with the highest concessions reported for Downtown Phoenix, Mesa Airport, Litchfield and Goodyear.
Sun Belt and Phoenix Dominate BTR Construction – Metro Phoenix is the top-ranked market for homes being built-to-rent (BTR) in the US. There are 11,500 units Under Construction and Phoenix is considered the birthplace of BTR. Dallas is a distant 2nd with 5,500 units (RealPage).
We also provide Interactive Maps and Downloadable Lists for currently advertised Apts For Sale, details of Prior Apt Sales and the New Apt Construction Pipeline.