Renters seeking top-tier apartments have been a crucial driver of apartment demand, with vacancies in four- and five-star ranked apartments falling to 8.6 percent this month, from 10 percent last summer, CoStar News reported.
Demand for higher-end apartments in L.A. bucked national trends, vacancies of higher-end apartments across the country have increased in the wake of new apartment construction.
#los-angeles-apartments #luxury-apartments #rental-market-trends #housing-demand #rental-price-fluctuations
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