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CBS | Los Angeles

Rent is expected to rise for apartments across Southern California over the next two years, with average rents to increase 7.9 percent in Los Angeles, according to a USC report.

April 11, 2012

The annual forecast showed a consistent increase in rent and vacancy rates across Los Angeles, Orange, and San Diego counties and the Inland Empire in 2011...The authors say it is partly because of a drop in new construction.

"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," said Tracey Seslen, a USC professor and the lead author of the study.

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Link: CBS | Los Angeles