Average asking rents across the Los Angeles apartment market peaked in August at just over $2.84 per square foot per month, and saw modest declines through late last year, following the trend of most markets nationally. However, average asking rents appear to have found a floor and resumed rising so far in 2023.
Los Angeles Apartment Rents Find Footing in Early 2023
After Losses Late Last Year, Average Asking Rents Resume Modest Gains
By Ryan Patap
CoStar Analytics
March 10, 2023 | 10:04 P.M.
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