Southern California rents, $2,400 and climbing, surge amid booming apartment demand
Southern California rents, $2,400 and climbing, surge amid booming apartment demand
Rent across Southern California continued its upward surge as tenants struggle to find a home amid the tightest market in at least two decades.
While vacancies eased slightly in the spring quarter, availability rates remain among the lowest in data dating to the year 2000.
“In many of the SoCal markets, there has been a longstanding challenge in delivering new housing,” said real estate economist…
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