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http://touch.latimes.com/#section/5/article/p2p-81605500/
Rents in Southern California will climb faster in next two years, study says
Lawrence K. Ho / Los Angeles Times
A new study projects rents will grow in Southern California by more than 8% over the next two years.
Housing costs are a greater burden in L.A. than elsewhereBy Tim Logan
October 7, 2014, 5:00 a.m.
Renters, get ready to pay a little more.
The cost of the average apartment in the Southland is projected to grow more than 8% over the next two years, according to a report out Tuesday.
A new study from USC?s Lusk Center for Real Estate projects that rents will climb 8.2% in Los Angeles County by mid-2016, to $1,856 a month, on average. In Orange County, the prediction is 8.6% growth, to $1,806. And in the Inland Empire, the study forecasts 9.9% rent growth to $1,246 a month.
If those forecasts pan out, rents would grow over the next two years faster than the 3% to 4% clip seen in the last 12 months, despite vacancy rates that are expected to decline a bit as more new apartment buildings open.
Rents in Southern California will climb faster in next two years, study says
Lawrence K. Ho / Los Angeles Times
A new study projects rents will grow in Southern California by more than 8% over the next two years.
Housing costs are a greater burden in L.A. than elsewhereBy Tim Logan
October 7, 2014, 5:00 a.m.
Renters, get ready to pay a little more.
The cost of the average apartment in the Southland is projected to grow more than 8% over the next two years, according to a report out Tuesday.
A new study from USC?s Lusk Center for Real Estate projects that rents will climb 8.2% in Los Angeles County by mid-2016, to $1,856 a month, on average. In Orange County, the prediction is 8.6% growth, to $1,806. And in the Inland Empire, the study forecasts 9.9% rent growth to $1,246 a month.
If those forecasts pan out, rents would grow over the next two years faster than the 3% to 4% clip seen in the last 12 months, despite vacancy rates that are expected to decline a bit as more new apartment buildings open.