L.A.-Area Rents High, and Climbing Higher March 30,2006

Submitted by lusk-admin on Tue, 07/10/2012 - 16:56

Eugene Gilligan L.A.-area rents, already among the nation's highest, jumped by 7 percent in 2005, and a similar bump this year is expected to push the average monthly rent to more than $1,500, according to a University of Southern California forecast released today. The run-up in rent is fueled by high demand for apartments and few vacancies. About