New rental inventory pouring into LA market

Yardi report finds rent growth cooling as inventory grows, most notably for lifestyle renters
  • 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.

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.