Yahoo News: Southern California Average Rent Hike to Reach 7.9 Percent in 24 Months
By Sylvia Cochran. Renters of Southern California apartments should expect their rent payments to increase an average 7.9 percent over the next two years.
April 12, 2012
A decrease of new construction limits the availability of suitable apartments. The increase in consumer demand encourages an increase in rents. "This is boosting asking rents, reducing or eliminating concessions and filling units," USC professor Tracey Seslen explains...
Link: Yahoo News