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Los AngelesApartment rent growth in Southern California is continuing to slow. According to a new report from Yardi’s Rent Café, only Los Angeles and San Diego had rent growth above 1% month-over-month during peak rental season. Los Angeles rents increased to $2,516 in July, an extra $112 added to the average rent since last year, and San Diego rents hit $2,216, an increase of $52.

“From June to July, rent in Southern California didn’t increase significantly. It only experienced a 2% increase in the overall average rent for the region, and compared to July last year, it increased by 2.6%. However, this is not all that surprising given the fact that smaller, less pricey cities saw the highest rent growth. And this is not only seen in Southern California, but also at the national level,” Sanziana Bona, research analyst at Rent Café, tells GlobeSt.com.

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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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