April 8, 2010
Report: Riverside County rents should stay flat in 2010
Desert Sun
...The USC Lusk Center's Casden Multifamily Market Forecast indicates rents in Riverside and San Bernardino counties will be flat in 2010, falling an average 1 percent or less through the end of 2011.
"Overall, Southern California will not see increases in rents until the greater economic health of the region improves," said Tracey Seslen, co-author of the forecast. Seslen said San Diego County will be the only regional market where rents edge higher, largely due to rebounding job growth, particularly in biotech, and higher-priced homes deterring prospective buyers...