Jun
07
LA: Affordable Housing Wanted
ByContinued improvement in the area’s job market and a steady influx of household creation maintains rent growth at a time when the national average rate cooled significantly, Yardi Matrix data shows.
Rent growth in Los Angeles is continuing at a rate double the national average, largely due to solid gains in a few key employment sectors and renter interest pivoting toward the area’s suburbs. Although rents averaged $1,947 as of April, among the highest in the nation, new stock is focused on the upscale segment and affordability issues are deepening…
