Instant Insights / Multifamily

News and deals in the multifamily asset class.

Rent Growth Strongest in Aging Apartment Stock

Apartment rent growth has tempered in Los Angeles, but older apartment buildings are seeing strong rent growth as demand for luxury properties softens.

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The rapidly aging housing stock in Los Angeles is contributing to affordability issues, according to research from Apartment List. The supply of housing units less than 10 years old in Los Angeles is currently at an all-time low, and older properties are seeing the biggest increase in rental rates. Since 2000, rents for apartment units built before 1980 have grown 39%. In general, the older the building, the more rapidly rents are rising, according to the report.

Kelsi Maree Borland

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