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Long Beach Business Journal: Real Estate Markets Moving in 'Solid' Direction as Recovery Continues

By Sean Belk. Residential and commercial real estate markets in Long Beach are in a more stable position this year compared to recent years, however some recessionary factors are still lingering.

June 05, 2012

...The multi-family sector, meanwhile, has seen occupancy and rental rates on the upswing throughout the local region...

...The 2012 Casden Multifamily Forecast released in April by USC's Lusk Center for Real Estate, states that higher demand for rental units, dwindling supply and improved macroeconomic conditions are boosting asking rents, reducing or eliminating concessions and filling up units...

For the full article, see the link below:

Link: Long Beach Business Journal