The Yardi Matrix U.S. Multifamily Outlook for fall 2016 found that national rent growth has continued but slowed, while a couple bursts of job growth has helped propel the market forward.
- U.S. rents were up 5 percent annually in August, slowing from the 6-plus percent increases reported for the majority of the year.
- Rent in Los Angeles grew 6.9 percent annually and is forecasted to grow 5.6 percent by the end of the year.
- New completions comprise 5 percent of the total L.A. market, with 12,955 predicted to be completed by the end of the year.