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Low Supply Benefits Orange CountyOrange County’s stock had expanded just 0.7 percent year-to-date in August, with occupancy inching down 10 bps YoY through July to 96.6 percent. Continued demand boosted rent growth by 0.7 percent YoY through August to an advertised asking rate of $2,772, while the per-unit sales price rose 5.6 percent year-to-date.
Orange County’s stock had expanded just 0.7 percent year-to-date in August, with occupancy inching down 10 bps YoY through July to 96.6 percent. Continued demand boosted rent growth by 0.7 percent YoY through August to an advertised asking rate of $2,772, while the per-unit sales price rose 5.6 percent year-to-date.
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