April 11, 2012
The annual forecast showed a consistent increase in rent and vacancy rates across Los Angeles, Orange, and San Diego counties and the Inland Empire in 2011...The authors say it is partly because of a drop in new construction.
"This is boosting asking rents, reducing or eliminating concessions and filling units. However, the rate of increase will begin to level off a bit by 2013," said Tracey Seslen, a USC professor and the lead author of the study.
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