Apartment market on the upswing in Southern California
Apartment rents will finish the year high and vacancy rates low across Los Angeles County, and those gains are expected to persist into next year along with a minor building boom, according to a market tracker survey.
Growth will continue in both the San Fernando Valley and the Tri-Cities market of Burbank, Glendale and Pasadena, said the analysis from Calabasas-based Marcus & Millichap Inc., a real-estate investment services firm.
This article was featured in an edition of AAOA Today and was hand selected by our editors as a piece of interest for American Apartment Owners Association Members.
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