Beverly Hills Courier: USC's Lusk Center Sees Rents Rising for Two More Years
Multi-family rentals did well in Southern California in 2011, and the market should grow over the next two years, according to an annual survey released today by USC's Lusk Center for Real Estate.
April 11, 2012
"A sharp drop in new construction, the dwindling supply of shadow- market units and improvements in the macroeconomy have strengthened fundamentals on both the supply and demand side," said Tracey Seslen, the lead author of the study. "This is boosting asking rents, reducing or eliminating concessions and filling units. However, the rate of increase will begin to level off a bit by 2013."
Link: Beverly Hills Courier