Matrix Multifamily Los Angeles Report-June 2022
June 28, 2022
L.A. Fundamentals Allow for ImprovementLos Angeles started the new year on a strong note, hot off a 2021 when multifamily sales reached $5.2 billion. Rents were up 12.7 percent on a year-over-year basis, gaining ground so that it now only slightly trails the nation after a rough pandemic, while the development pipeline had 30,079 units underway.