Matrix Multifamily Los Angeles Report-November 2022 December 01, 2022

L.A. Investment Activity Endures

Although cooling to 0.4 percent on a T3 basis, Los Angeles rent growth was double the national rate of improvement. The metro’s overall average rate, at $2,588, remains well above the $1,718 national average. Investors continued to have an appetite for assets, with $4.6 billion in sales through the first three quarters.