April 5, 2006
Nicholas Yulico Los Angeles County currently leads the nation in multifamily development, with 10,900 new apartments under construction at the end of last year. But the area continues to exhibit strong job growth, and that means it won't be until later in 2007 that supply finally begins catching up with demand, Conway says. A year ago, the USC Casden Forecast accurately predicted that the Southern California apartment market would continue to be strong in 2005, projecting that rents would increase 3.5% to 6% for the year.