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.
2016 has been quite an eventful year in Southern California. Over the past twelve months we’ve featured a handful of fun adventures including scrumptious foodie finds, breathtaking hiking trails, and historic landmarks that everyone in Southern California should make a point to see in person. Here are 13 of our favorite spots that we’ve visited in SoCal this past year. We think you’ll enjoy adding them to your 2017 bucket list. Let the adventures begin! See more here.
Rents for a one-bedroom unit in Los Angeles climbed 5.2 percent since December 2015, according to a new report from rental website Zumper. Nationwide, rents increased 1.8 percent over the same amount of time, though some of the most expensive markets—including San Francisco and New York—have actually seen significant declines in prices since last year, the report found. Read more here.
The year is drawing to a close, which means it’s time for Curbed Cup—the annual competition for Los Angeles’s Neighborhood of the Year!
For nearly a decade, Curbed readers have chosen LA’s best neighborhood in a oft-heated tournament that celebrates local pride and civic developments. Read more here.
Although it would probably be a little difficult to find a spot to park one in New York City, I never get tired of looking at tiny houses. And while a lot of the designs out there are quite similar, every once in a while I see something that’s a little out of the ordinary. This tiny house has not one but two sleeping lofts, accessed by actual (albeit scary) staircases, and—my favorite part—a generously sized porch for enjoying the outdoors. Click here.