Rents increased in metro Phoenix area over the past year

An ASU real estate expert says the only way to deal with rising rents in Phoenix is to build.

An ASU real estate expert says the only way to deal with rising rents in Phoenix is to build.

In this story aired Feb. 22, 2021, on KJZZ:

Unfortunately, there’s only one way out of this and it’s to build your way out of it, but you can’t build fast enough because of how long it takes to add new units.

– Mark Stapp, Fred E. Taylor Professor in Real Estate and director of the Master of Real Estate Development program