Matrix Multifamily Los Angeles Report-November 2025 November 19, 2025

LA Rents Flat, Occupancy Steady

Los Angeles' advertised asking rents were flat on a T3 basis through September. Occupancy was also unchanged, at 96.0 percent as of August, although it remained well above the U.S. average of 94.7 percent. Despite a shaky local economy, with only four sectors driving employment, L.A. had strong sales totaling $1.4 billion as well as developers moving forward with 25,700 units.