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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.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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