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.
RealShare APARTMENTS 2013 will tackle all of the major multifamily issues facing the nation. Join the industry's leaders who will gather for discussions on leasing, development, acquisitions, investment, financing issues & sourcing capital and the science of getting the deal done. Register now for the October 24th event!