Chart of the Week: Rent growth accelerating in the Valley of the Sun

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All product types are finally seeing rent growth in the Phoenix valley. The last time Phoenix saw rising rents across the board was in 2006 right before the economic collapse. As expected, Class C product dropped their rates the most during the recession, but all properties have been dropping rates over the last few years.  Beginning in 2013 and through 2014, modern Class A properties have led the charge in rent growth, but middle-of-the-ground Class B space is closing the gap relatively quickly.

Click here for more market insight on our Phoenix research group web page: Phoenix – Research

Click to tweet: Office rental rates in  are accelerating with the recovering economy. See more in ‘s  

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