Orange County average rents should rise 1.8% in 2021 in the wake of supply failing to meet demand and the overall economic context, Yardi Matrix predicted in a report released Friday.
Orange County rent growth took a dive with the start of the pandemic, but continues to outpace the nation, according to the study.
Spurred by a continuation of new supply lagging demand, Orange County rents rose 0.3% on a trailing three-month basis through February, outperforming the 0.1% overall US rate, the study said.
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