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USC Casden Multifamily Forecast: With Rents and Occupancy on the Rise, the SoCal Apartment Market Seeing Drastic Improvements
The 2012 Casden Multifamily Forecast from the University of Southern California Lusk Center for Real Estate reveals a strong performance for the local multifamily market in 2011 and predicts more growth over the next two years.
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," Seslen said. "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: Business Wire