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 The Encore Las Vegas in Las Vegas, NV, where we will bring together the top student housing executives from across the country who will cover the hottest topics in financing, investment, brokerage, development and property management, our industry leaders will give the highest level views on the sector at RealShare STUDENT HOUSING on June 4.