Los Angeles Los Angeles

Multifamily vacancy rates are holding steady even as a significant new apartment supply has come to market. According to research from NAI Capital, vacancy rates have increased nominally—only 10 basis points—throughout Southern California.

In Los Angeles, the vacancy rate is up 20 basis points to 3.8%, and in Ventura County, the rate is up 10 basis points. The Inland Empire had the most significant increase in vacancy, up 30 basis points to 4.3%, and Orange County remained flat at 4.8%.

Construction, however, is slowing. The same report shows that the construction pipeline is down 7.3% compared to a year ago with 42,992 units under construction.

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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.