Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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.

Kelsi Maree Borland

Kelsi Maree Borland is a freelance writer and editor living in Los Angeles whose work has appeared in such publications as Travel + Leisure, Angeleno and Los Angeles Magazine.

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.