Los Angeles had the best 1st quarter performance among the Southern California markets, and that brought occupancy to the fully recovered point. But rents still have some climbing to do to get back to pre-recession highs.
The performance of the Los Angeles apartment market is the big surprise of the third quarter this year. MPF Research breaks down the reasons why.
I had the pleasure of visiting 1600 Vine, this year’s NAA Paragon Community of the Year. Even more than the physical beauty and amenities of the property, there was one feature that stood out most to me: the employees.
MPF Research takes a visual look at Los Angeles’ recently built apartment properties as well as projects under construction.
LA’s apartment market posted solid rent growth in 1st quarter, but occupancy improvement remains elusive.
For the first time in the cycle, most of Southern California’s markets posted meaningful rent increases about in line with the upturn recorded for the nation as a whole.