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.
NEWS & PRESS
While New York and Los Angeles might have experienced population loss in 2020 at the height of the pandemic, the apartment market is starting to rebound in the two key gateway markets.
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