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.
- 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.
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