New rental inventory pouring into LA market

  • 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.

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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.