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L.A. Rent Growth to Hit Triple Digits

According to a new forecast from USC Lusk Center, Los Angeles’ aggressive rent growth will increase by $136 in the next two years.

Richard Green Richard Green

Los Angeles rent growth is expected to hit triple digits over the next two years, with an estimate that Los Angeles County residents will pay an average of $136 more in the next two years, according to new research from USC Lusk Center for Real Estate. Other Southern California markets will experience similar growth. Rents are expected to increase $149 per month for Orange County residents, $124 in the Inland Empire, $121 in San Diego County and $98 in Ventura County. Rent growth is currently outpacing income growth, and it is not sustainable. We sat down for an interview with Richard Green, USC Lusk Center Director, who co-authored the report with Beacon Economic’s Chris Thornberg, to talk about the rental growth in Southern California and the local economic impacts.

GlobeSt.com: What is driving this aggressive rent growth?

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Kelsi Maree Borland

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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