Apartment rents in Southern California are predicted to rise by $110 to $148 per month due to a housing shortage and slow multifamily construction.
Forecast co-author Moussa Diop highlighted that California is underperforming in new housing supply compared to states like Florida and Texas, exacerbating the rental issue.
In Los Angeles County, average apartment rent is projected to reach $2,334 monthly by mid-2026, reflecting a 3% increase in just a year.
#southern-california #apartment-rents #housing-shortage #multifamily-construction #real-estate-forecast
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