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Apr

25

Los Angeles’ Largest Rental Developments Completed in 2015

By Tony Seruga

Last year’s balance sheet shows 23 new rental projects of 50+ units in the LA area that added 3,782 new apartments to the inventory. That’s a 20 percent drop from 2014, when 28 large developments totaling 4,727 units were completed.

Los Angeles, Calif.—Rental costs in Los Angeles are rising as a direct result of a strong economic recovery and an influx of young graduates seeking high-flying jobs have resulted in low vacancy rates, well below the national average. Analysts believe that this situation is unlikely to change within the next two years despite a boom in the construction of new apartments…

Los Angeles’ Largest Rental Developments Completed in 2015

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