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During the pandemic, occupancy rates have hit generational records, putting upward pressure on rents.
Los Angeles isn't among the cities with the highest rent decreases, but it is trending significantly above the national rent decrease of 1.4%.
The market had 2.5 million square feet in net absorption in the third quarter, driven by increased ecommerce spending.
A review of several data outlets by Freddie Mac shows that renters are prioritizing rent payment.
The economic downturn has driven gen-Z and millennials back home, a trend that will negatively impact apartment demand.
Demand has been higher for industrial assets above 75,000 square feet, but the demand wasn't enough to generate positive absorption in Orange County last quarter.
The COVID-19 restrictions for businesses have left some questions marks about a landlord's ability to request re-opening.
While owners of lower B and C apartments might be struggling now, there are many tailwinds behind rental housing.
Office leasing activity was up 57% in October over the previous month, thanks to four large leases.
Mirroring the presidential election, Prop 15 was a tight race, and while votes are still being counted, it looks like the no's have it.