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Multifamily Forecast

BizBrief: Today’s News To Know

New Report Forecasts Rent Increases Through 2020

Average rents are expected to increase $91 in Los Angeles County by 2020, according to the University of Southern California (USC) Casden Economics Forecast released today by the USC Lusk Center for Real Estate, in partnership with Beacon Economics. The report estimates average rents will increase to $2,358, up from $2,267 this year, while the vacancy rate of rental units will increase from 3.95% to 4.31%.

The Orange County Register: Southern California to see smaller rent hikes over the next two years, forecast says

Southern California to see smaller rent hikes over the next two years, forecast says

By Jeff Collins

 

Southern California rents will keep rising over the next two years, but at a slower pace as vacancy rates rise slightly in Los Angeles and Orange Counties, according to USC’s Casden Multifamily Forecast released Wednesday, Oct. 17.