AgentRentals

Wave of multifamily deliveries won’t stop rent growth in Los Angeles

Overall, home buying will represent a cheaper option than renting for LA residents
Published on Jan 4, 2016
  • Twenty-seven LA submarkets experienced year-over-year rent growth of 10 percent or more.
  • The volume of multifamily deliveries next year will double 2015 totals.
  • Multifamily deliveries will be concentrated within two primary submarkets.

Watch Connect NYC 2017 Live
Tune in live as the best and brightest explain how to execute and grow your business from the main stage of Connect.

Los Angeles' current multifamily vacancy rate, which sits at around 3 percent, suggests rents will continue to grow in 2016 and the upcoming wave of apartment deliveries will be absorbed. If high single-digit or double-digit rent growth continues next year buying should be a cheaper option than leasing for those that can afford it ...

Comments