Matrix Multifamily Los Angeles Report-February 2023 March 01, 2023

Cycle Peak for Investments

Economic headwinds made L.A. rents plateau on a T3 basis through December, though the $2,594 average rent remained way above the U.S. average. A highlight of 2022 was investment activity, which amounted to $5.8 billion, the most ever recorded in a year.