Research Briefs
FOX 5 San Diego: San Diego Rents Expected to Keep Rising Through 2018
The already high apartment rents in San Diego are expected to continue to climb 10 percent over the next few years, according to a forecast report.
The average monthly rental payment in San Diego County should increase to $1,577 in 2018, up 10.9 percent from 2015, according to the USC Casden Multifamily Forecast. Los Angeles County average rent is expected to grow 8.3% in the same time period to $1,416 a month.
LAist: LA Rent Will Go Up $100 Over the Next Two Years, According to USC Forecast
Despite a significant increase in the construction of multifamily housing, USC researchers project that Southern California rents will continue to rise. A forecast released Tuesday predicts that average rent on a Southern California apartment will rise by at least $100 over the next two years, according to KPCC.
89.3 KPCC: No Place in SoCal is Immune from Rising Rents: USC Report
No neighborhood is safe from the rising costs of housing in Southern California.
That's the new finding in the new 2016 Casden Multifamily Forecast reportby USC's Lusk Center for Real Estate.
"Historically there have been pockets of affordability," says co-author Raphael Bostic, "so that there were places people could go where they weren't going to have to pay rents that would be affordable for higher income people but not everybody else."
L.A. Biz: Southern California Apartment Rent Prices Seen Rising Through 2018
Strong demand for apartments are expected to continue to drive rental rates higher across Southern California over the next two years, despite a substantial increase in multifamily construction.
Despite construction permits being issued for more than 38,000 new units across the four regional markets surveyed – the highest since before the recession – vacancy rates are projected to continue their gradual decline through 2018, according to the latest USC Casden Multifamily Forecast.
San Diego Union-Tribune
Rent in San Diego County is expected to rise faster over the next two years than the rest of Southern California, said a study released Tuesday.
Researchers found a lack of new construction, mixed with employment and population growth, mean San Diego’s rent should increase by $155 a month by 2018.
The study from the University of Southern California’s real estate school, and prepared by Los Angeles-based Beacon Economics, said San Diego’s rent increases will outpace those in Orange County, Los Angeles County and the Inland Empire.
OC Register: OC Rents Forecast to Rise 9.4% by 2018
A new rent forecast released Tuesday predicts Southern California tenants will face continued rent hikes and falling vacancy rates through 2018.
Orange County apartment rents, already the highest in the region, are forecast to rise by at least $149 a month by the end of 2018, up 9.4 percent from 2015 levels, the USC Casden Multifamily Forecast predicts.
Only San Diego County will see a bigger increase in apartment rents during the next 21/2 years. Rents there are projected to grow by $155 a month, or 10.9 percent, the forecast said.