Matrix Multifamily Los Angeles Report-June 2026 June 24, 2026

Los Angeles’ rent growth comeback

Advertised asking rents slightly recovered in L.A., ticking up 0.1 percent on a T3 basis through April to an average of $2,639, on the heels of five months of contractions. Following three years of solid supply growth, the average occupancy slid 30 bps, to 95.7 percent, but remained above the U.S. average.