Search
 

L.A. Rent Growth to Hit Triple Digits

According to a new forecast from USC Lusk Center, Los Angeles' aggressive rent growth will increase by $136 in the next two years.

By Kelsi Maree Borland | kelsimareeborland | Updated on October 16, 2017

Richard Green Richard Green

Los Angeles rent growth is expected to hit triple digits over the next two years, with an estimate that Los Angeles County residents will pay an average of $136 more in the next two years, according to new research from USC Lusk Center for Real Estate. Other Southern California markets will experience similar growth. Rents are expected to increase $149 per month for Orange County residents, $124 in the Inland Empire, $121 in San Diego County and $98 in Ventura County. Rent growth is currently outpacing income growth, and it is not sustainable. We sat down for an interview with Richard Green, USC Lusk Center Director, who co-authored the report with Beacon Economic‘s Chris Thornberg, to talk about the rental growth in Southern California and the local economic impacts.

GlobeSt.com: What is driving this aggressive rent growth?

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

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 © 2024 ALM Global, LLC. All Rights Reserved.