Exclusive Multifamily Rent Growth Surprises Industry
LOS ANGELES-The 95% occupancy rate that the local multifamily market experienced last year didn't change year over year, but a 7% bump in rent growth was a surprise, says Javier Rivera, vice president, multifamily, at Jones Lang LaSalle.
Rivera also discusses:
- The economic problems that still face Los Angeles County.
- Why Jones Lang LaSalle is bullish about the Los Angeles multifamily sector.
- The outlook for new apartment development in the area.
Join us at the Hyatt Century Plaza Los Angeles, where we will be covering the major topics in commercial real estate nationally as well as what's going on across the property types in Los Angeles. RealShare Los Angeles attracts nearly 1000 commercial real estate executives and is your leading outlook event for the year at RealShare LOS ANGELES on March 25.