April 9, 2009
Dr. Delores Conway, director of the Casden Real Estate Economics Forecast at the USC Lusk Center for Real Estate, is quoted in the April 9, 2009 edition of North County Times:
Vacancies up, rents flat at local apartments
North County Times
...Vacancy rates shot up most drastically in the fourth quarter of last year in Southwest Riverside County, jumping to 10.6 percent from 4.8 percent a year ago while the average rent fell 1.6 percent, and analysts expect that trend to continue, according to a report by the University of Southern California's Lusk Center for Real Estate...