The sluggish apartment starts come as a result of rising interest rates, with the increase hampering developers' ability to secure financing that result in targeted returns, according to CoStar.
If the slow pace of apartment construction continues, the L.A. market could see a shortage of new units by next year, according to CoStar. If the market is in recovery mode, landlords could quickly regain the upper hand over renters, according to the CoStar analysis.
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