a seasonal slowdown<\/strong><\/a>, Los Angeles rents grew by 0.2% on a trailing three-month basis through April, to $2,597. Gains were on par with the national T3 rate and on a slight upward trend, while interest-rate hikes and slowing job growth made their mark on the metro. Year-over-year, Los Angeles remained on a fundamentally solid track. Rents were up 3.6%, 40 basis points above the national rate. Occupancy in stabilized assets also remained elevated, at 96.5% as of March\u2014150 basis points above the U.S. figure.<\/p>\n