Los Angeles Rent Increases Set to Double Inflation For 2015
A new market research study provides a strong incentive for investors to find acceptably priced rental properties. The study of the 2015 third quarter rental market by Marcus & Millichap reveals strong increases in the Los Angeles residential rental market.
Asking rents were up 7.8% citywide. Additionally, the report predicts rental increases of 4.8% this year. No surprise, then, that apartment vacancy rates have fallen to 2.7%. According to the report, more than 5,200 new rentals came online in Los Angeles with 15,000 units under construction through 2017.
http://la.curbed.com/2015/11/10/9901804/los-angeles-rents-2015
We have long serviced clients seeking outstanding investment opportunities. If you would like to see what inventory we have available, we would be delighted to review our existing real estate investment opportunities with you.
Please contact us at the number below.
Pingback:link