{"id":9020,"date":"2025-03-06T10:40:00","date_gmt":"2025-03-06T10:40:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=9020"},"modified":"2025-07-09T10:51:05","modified_gmt":"2025-07-09T10:51:05","slug":"los-angeles-multifamily-market-report-february-2025","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/los-angeles-multifamily-market-report-february-2025\/","title":{"rendered":"Los Angeles Multifamily Market Report \u2013 February 2025"},"content":{"rendered":"\n<p class=\"has-normal-font-size\">Read the latest Yardi Matrix <a href=\"\/blog\/los-angeles-multifamily-market-report\/\"><strong>Los Angeles Multifamily Market Report<\/strong><\/a><\/p>\n\n\n<hr \/>\n<h2>Rent Growth Softens, Occupancy Stays Solid<\/h2>\n<p>Los Angeles\u2019 fundamentals were a mixed bag at the end of 2024, and the January wildfires will likely put more pressure on the rental market, as well as the local economy, according to the latest Yardi Matrix Los Angeles multifamily market report. Average advertised asking rents were down 0.2% on a three-month basis through December, to $2,619, on par with the U.S. figure, as noted in the <strong><a href=\"https:\/\/www.yardimatrix.com\/blog\/national-multifamily-market-report\/\">U.S. multifamily report<\/a><\/strong>. Occupancy in stabilized assets was up 10 basis points year-over-year as of November, to 96.0%.<\/p>\n<p><iframe id=\"datawrapper-chart-7mCb0\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Los Angeles vs. National Rent Growth  \" src=\"https:\/\/datawrapper.dwcdn.net\/7mCb0\/1\/\" height=\"329\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Interactive line chart\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}}))}();<br \/>\n<\/script><\/p>\n<p>Los Angeles job growth was 1.4% year-over-year through November, just 10 basis points ahead of the U.S. figure. Over the 12-month period ending in November, Los Angeles added 46,200 jobs. Education and health services (42,600 positions) and trade, transportation and utilities (10,100) led gains, while four other sectors lost a combined 13,700 jobs. Meanwhile, the unemployment rate clocked in at 5.4% in November, according to preliminary data from the Bureau of Labor Statistics, on par with California and trailing the U.S. (4.2%). Construction started on the Pier B On-Dock Rail Support Facility, a $1.6 billion project that will increase the volume of on-dock rail cargo the port can handle. The multiphase development is scheduled for a 2032 completion.<\/p>\n<p><iframe id=\"datawrapper-chart-F1n4f\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Los Angeles Employment Share by Sector \" src=\"https:\/\/datawrapper.dwcdn.net\/F1n4f\/1\/\" height=\"433\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Table\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}}))}();<br \/>\n<\/script><\/p>\n<p>Developers completed 8,346 units in 2024, down by more than 40% year-over-year, in line with nationwide trends. Another 31,363 units were underway as of December. Investment volume neared $2.1 billion in 2024, for an average price per unit that rose 6.1% year-over-year, to $343,521.<\/p>\n<p>Read the full Los Angeles Multifamily Market Report: <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/6929-MatrixMultifamilyLosAngelesReport-February2025\" rel=\"\"><strong>February 2025<\/strong><\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Rent Growth Softens, Occupancy Stays Solid Los Angeles\u2019 fundamentals were a mixed bag at the end of 2024, and the January wildfires will likely put more pressure on the rental market, as well as the local economy, according to the latest Yardi Matrix Los Angeles multifamily market report. Average advertised asking rents were down 0.2% [&hellip;]<\/p>\n","protected":false},"author":436,"featured_media":8518,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[454,513],"class_list":["post-9020","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","category-real-estate-trends","tag-los-angeles","tag-multifamily-outlook-2025"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Los Angeles Multifamily Market Report \u2013 February 2025 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Advertised asking rents rose 0.4 percent YoY through December to $2,619, just 20 bps short of the U.S. rate, helped by strong job growth.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardimatrix.com\/blog\/los-angeles-multifamily-market-report-february-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Los Angeles Multifamily Market Report \u2013 February 2025\" \/>\n<meta property=\"og:description\" content=\"Advertised asking rents rose 0.4 percent YoY through December to $2,619, just 20 bps short of the U.S. rate, helped by strong job growth.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/los-angeles-multifamily-market-report-february-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-06T10:40:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-07-09T10:51:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2024\/12\/Los-Angeles-iStock-2194022184-featured.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adina Rogoz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Anca Gagiuc\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Los Angeles Multifamily Market Report \u2013 February 2025 - Yardi Matrix Blog","description":"Advertised asking rents rose 0.4 percent YoY through December to $2,619, just 20 bps short of the U.S. rate, helped by strong job growth.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.yardimatrix.com\/blog\/los-angeles-multifamily-market-report-february-2025\/","og_locale":"en_US","og_type":"article","og_title":"Los Angeles Multifamily Market Report \u2013 February 2025","og_description":"Advertised asking rents rose 0.4 percent YoY through December to $2,619, just 20 bps short of the U.S. rate, helped by strong job growth.","og_url":"https:\/\/www.yardimatrix.com\/blog\/los-angeles-multifamily-market-report-february-2025\/","og_site_name":"Yardi Matrix Blog","article_published_time":"2025-03-06T10:40:00+00:00","article_modified_time":"2025-07-09T10:51:05+00:00","og_image":[{"width":1200,"height":900,"url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2024\/12\/Los-Angeles-iStock-2194022184-featured.jpg","type":"image\/jpeg"}],"author":"Adina Rogoz","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Anca Gagiuc","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.yardimatrix.com\/blog\/los-angeles-multifamily-market-report-february-2025\/#article","isPartOf":{"@id":"https:\/\/www.yardimatrix.com\/blog\/los-angeles-multifamily-market-report-february-2025\/"},"author":{"name":"Adina Rogoz","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/1e376ba4add70694b922380ddbe946d8"},"headline":"Los Angeles Multifamily Market Report \u2013 February 2025","datePublished":"2025-03-06T10:40:00+00:00","dateModified":"2025-07-09T10:51:05+00:00","mainEntityOfPage":{"@id":"https:\/\/www.yardimatrix.com\/blog\/los-angeles-multifamily-market-report-february-2025\/"},"wordCount":249,"commentCount":0,"publisher":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/los-angeles-multifamily-market-report-february-2025\/#primaryimage"},"thumbnailUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2024\/12\/Los-Angeles-iStock-2194022184-featured.jpg","keywords":["Los Angeles","Multifamily Outlook 2025"],"articleSection":["Metro Reports","Multifamily Market","Real Estate Trends"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.yardimatrix.com\/blog\/los-angeles-multifamily-market-report-february-2025\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.yardimatrix.com\/blog\/los-angeles-multifamily-market-report-february-2025\/","url":"https:\/\/www.yardimatrix.com\/blog\/los-angeles-multifamily-market-report-february-2025\/","name":"Los Angeles Multifamily Market Report \u2013 February 2025 - Yardi Matrix Blog","isPartOf":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.yardimatrix.com\/blog\/los-angeles-multifamily-market-report-february-2025\/#primaryimage"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/los-angeles-multifamily-market-report-february-2025\/#primaryimage"},"thumbnailUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2024\/12\/Los-Angeles-iStock-2194022184-featured.jpg","datePublished":"2025-03-06T10:40:00+00:00","dateModified":"2025-07-09T10:51:05+00:00","description":"Advertised asking rents rose 0.4 percent YoY through December to $2,619, just 20 bps short of the U.S. rate, helped by strong job growth.","breadcrumb":{"@id":"https:\/\/www.yardimatrix.com\/blog\/los-angeles-multifamily-market-report-february-2025\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.yardimatrix.com\/blog\/los-angeles-multifamily-market-report-february-2025\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardimatrix.com\/blog\/los-angeles-multifamily-market-report-february-2025\/#primaryimage","url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2024\/12\/Los-Angeles-iStock-2194022184-featured.jpg","contentUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2024\/12\/Los-Angeles-iStock-2194022184-featured.jpg","width":1200,"height":900,"caption":"Photo by yujie chen\/iStockphoto.com"},{"@type":"BreadcrumbList","@id":"https:\/\/www.yardimatrix.com\/blog\/los-angeles-multifamily-market-report-february-2025\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.yardimatrix.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Los Angeles Multifamily Market Report \u2013 February 2025"}]},{"@type":"WebSite","@id":"https:\/\/www.yardimatrix.com\/blog\/#website","url":"https:\/\/www.yardimatrix.com\/blog\/","name":"Yardi Matrix Blog","description":"Stay current with the latest commercial real estate market trends and forecasts","publisher":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.yardimatrix.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.yardimatrix.com\/blog\/#organization","name":"Yardi Matrix","url":"https:\/\/www.yardimatrix.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2020\/11\/Inline_Matrix_Color_es-1.jpg","contentUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2020\/11\/Inline_Matrix_Color_es-1.jpg","width":200,"height":39,"caption":"Yardi Matrix"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/yardi-matrix\/","https:\/\/www.youtube.com\/channel\/UCRHgAZL4YoyeNEdiRN5uj0g"]},{"@type":"Person","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/1e376ba4add70694b922380ddbe946d8","name":"Adina Rogoz","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7708bca9e09cc5676d0f96a14b833143f233709c6888184035d1e1f75c05fabb?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7708bca9e09cc5676d0f96a14b833143f233709c6888184035d1e1f75c05fabb?s=96&d=mm&r=g","caption":"Adina Rogoz"},"description":"Adina Rogoz is a Senior Associate Editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in 2016 and is writing real estate related news, blog articles, reports and Q&amp;As. \ud83d\udce7 You can reach out to her at adina.rogoz@cpe-mhn.com","url":""}]}},"jetpack_featured_media_url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2024\/12\/Los-Angeles-iStock-2194022184-featured.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/9020","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/users\/436"}],"replies":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/comments?post=9020"}],"version-history":[{"count":1,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/9020\/revisions"}],"predecessor-version":[{"id":9025,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/9020\/revisions\/9025"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/media\/8518"}],"wp:attachment":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/media?parent=9020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/categories?post=9020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/tags?post=9020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}