{"id":8516,"date":"2024-12-02T08:48:00","date_gmt":"2024-12-02T08:48:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=8516"},"modified":"2025-03-18T08:58:06","modified_gmt":"2025-03-18T08:58:06","slug":"los-angeles-multifamily-market-report-november-2024","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/los-angeles-multifamily-market-report-november-2024\/","title":{"rendered":"Los Angeles Multifamily Market Report \u2013 November 2024"},"content":{"rendered":"\n

Read the latest Yardi Matrix Los Angeles Multifamily Market Report<\/strong><\/a><\/p>\n\n\n

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Occupancy Holds Fast Above 96% Mark<\/h2>\n

Los Angeles posted steady multifamily fundamentals at the end of the third quarter, according to the latest Yardi Matrix Los Angeles multifamily market report. Average advertised asking rents rose 0.1% on a trailing three-month basis through September, to $2,634, moderating in line with the seasonal trend, while the U.S. rate remained flat, at $1,750. Rent in the metro was also up 0.5% year-over-year, while the national figure was 0.9%, as noted in the U.S. multifamily report<\/a><\/strong>. Demand remained robust, as evidenced by the occupancy rate in stabilized properties, which rose 10 basis points, year-over-year through September, to a solid 96.1%.<\/p>\n