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While it may be challenging for the apartment market to repeat astronomical rent growth from 2021, the outlook remains strong for the next 15 months and beyond.
The apartment market posted torrid growth in 2021, according to a number of industry sources. Apartment List says prices increased more...
Asking rents in Los Angeles have increased 7.0% year-over-year as of August, the metro’s highest rate of growth since May 2016, according to Yardi Matrix. That makes the metro part of a national wave that has produced average asking rent growth of 10.3%, which is the highest rate of increase for the U.S. since Yardi began collecting data in the 1908s.