Report predicts LA rents will keep rising in 2017

Victor Quiroz Realtor


A new report on the nation’s rental markets from real estate firm Marcus & Millichap puts Los Angeles at the very top of its 2017 National Multifamily Index, predicting that rents will rise more than five percent this year, while the city’s already low vacancy rate continues to decline.

That’s great news for landlords, who should see real estate investments pay dividends this year, but renters may be understandably perturbed by the firm’s forecast. According to the report, rental prices will likely rise to an average of $2,095 per month by year’s end, an increase of 5.4 percent. Read more here.

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