182913 Resource 164804 165387 165387 1189647646328 1189647646328 Controlled Phoenix Real Estate Rental Market

Rents in the Phoenix Valley have stabilized.

<p /><p>Apartment owners can see the evidence of a slower rental market.&nbsp; More &quot;move in specials&quot; banners, concessions,&nbsp;for rent signs&nbsp;and stabilized rent are all evidence.&nbsp; The <a title="rental market in Greater Phoenix" href="http://www.tribunehomefinder.com/story/97000" target="_blank">Tribune has a more detailed article.</a></p><p>In the last few years rents had to go up, not only because the cost of properties, taxes, insurance have gone up, but the supply was lowered by condo conversions.&nbsp; </p><p>Some of those condo conversions have reverted back to rentals.&nbsp; In addition several new complexes have come online.</p><p>Though, as the article states, 3.5% increase this year is not too bad.&nbsp; On an $800 apartment that is $28.00 more per month.&nbsp; </p><p>Apartments in good neighborhoods in North Central Phoenix (Uptown Phoenix) and Central Phoenix as a whole had a greater than average increase and will continue to increase because this are is developing quickly and is close to major employment centers.&nbsp; If these are kept up well and in good condition, then vacancy should remain low.</p> 10 application/xml false apartments in phoenix central phoenix rents north central phoenix rental market in phoenix uptown Phoenix Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 5.1; Tablet PC 1.7; .NET CLR 1.0.3705; .NET CLR 1.1.4322; .NET CLR 2.0.50727) 127.0.0.1 127.0.0.1 aciesielski false true false false true 176502 false false true false false false true 164804 blog blogsite/ArturCiesielski/web