Matrix Multifamily Los Angeles Report-November 2024 November 27, 2024

L.A. Rents See Marginal Gains

Los Angeles advertised asking rents rose 10 bps on a T3 basis through September to $2,634, while the U.S. rate remained flat at $1,750. Occupancy also inched up 10 bps, to 96.1 percent, far outpacing the U.S. rate of 94.8 percent.