In the first quarter of 2024, Los Angeles County only saw about 1,600 starts on market-rate apartment units. These limited groundbreakings continued a multi-quarter pattern, fostering a narrowing pipeline that could set the stage for a competitive and pricey multifamily rental market in the California locale.
Los Angeles County Multifamily Starts Remain Modest in Early 2024
Annual Activity in the California Area Lowest Since Early 2013
By Ryan Patap
CoStar Analytics
April 4, 2024 | 8:42 P.M.
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