Matrix Multifamily Los Angeles Report-June 2022

L.A. Fundamentals Allow for Improvement

Los Angeles started the new year on a strong note, hot off a 2021 when multifamily sales reached $5.2 billion. Rents were up 12.7 percent on a year-over-year basis, gaining ground so that it now only slightly trails the nation after a rough pandemic, while the development pipeline had 30,079 units underway.

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