Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Tim Steuernol Tim Steuernol

Apartment rent growth in Los Angeles has slowed, but the market has sustained record-high rents with nominal increases. According to a recent report from NAI Capital, Los Angeles apartment rents increase .6% in the first quarter to an average of $1,861 per unit over the previous quarter and nearly 3% over last year. While rent growth is slowing its rapid pace—as many have expected—the market has maintained record-high rents and developers have continued to meet high pro formas.

Kelsi Maree Borland

Kelsi Borland is a freelance writer and editor living whose work has appeared in such publications as Travel + Leisure, Angeleno and Riviera Orange County.

More from this author


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.