Los Angeles Business Journal: L.A.'s Apartment Market in Recovery
By Deborah Crowe. Apartment rents in Los Angeles are projected to increase moderately in the next two years even as vacancies rise, according to a report released Wednesday by USC's Lusk Center for Real Estate.
April 11, 2012
The 2012 Casden Multifamily Forecast predicts average rents in the county will increase 7.9 percent to $2 a square foot in this year, and 9.6 percent to $2.04 a square foot by the end of next year. Vacancies are expected to rise slightly, with increases continuing next year as rent growth slows...