May
19
Orange County’s Largest Rental Developments Completed in 2015
ByMore than 4,577 new apartments have been delivered in 2015 throughout the county, a 57% increase from 2014.
Young adults seeking apartments close to their workplaces and leisure and entertainment venues has been one of the main factors that boosted the demand for apartments in Orange County in recent years. While some experts believe that the thousands of new units currently in the pipeline will ease competition for rental apartments, others fear that the vacancy rate will continue to fall. According to Yardi Matrix, the average rent in Orange County is a high $1,864, with the average for newer apartments completed since 2010 having reached $2,371. Rental developments completed in 2015 demonstrate just what these premium tenants are looking for.
We take a closer look at the five largest developments completed last year….
Orange County’s Largest Rental Developments Completed in 2015
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