April 14, 2005
Still, the state's economy is steadily growing and diversifying, according to Delores Conway, who oversees the Casden forecast at USC's Lusk Real Estate Center. That forecast is predicting a resilient rental market in Southern California this year, with average asking rents and occupancy rates in multifamily markets improving steadily. Average rent increases will range from 3.5 to almost 6 percent. I can only hope this increase only applies to Southern California, since I've had my heart set on renting in San Francisco. Not that I'm in much of a hurry. I've got 16 years to go till I crawl to the rocking chair.