L.A.'s occupancy rate highest in nation, says Yardi Matrix

Yardi Matrix report finds rental growth to be continually growing strong throughout the nation.
  • Nationwide rents grew 0.9 percent in May over the previous month and 6 percent on an annual basis.
  • Occupancy rate in Los Angeles and the Inland Empire among the highest in the nation at 97 and 97.1 percent, respectively.
  • By the end of 2016, rent is expected to grow 7.1 percent in L.A.

Rental prices continue to make strong strides, growing month by month and year by year. According to Yardi’s month survey of 119 metros throughout the nation, the U.S. saw a rent increase of 6 percent in May 2016 since May 2014 to another all-time high of $1,204.