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Annenberg School of Communication and Journalism University of Southern California

SoCal Rent on the Rise

A USC study found that apartment rentals could rise up to 10% in the next two years, contributing to a potential housing recovery.

West 27th Apartments (Photo by ATVN)
West 27th Apartments (Photo by ATVN)
The USC Lusk Center for Real Estate released its annual Casden Multifamily Forecast on Wednesday, predicting that rent could rise over 10% in the next two years.

The extensive study covered Los Angeles, Orange, Inland Empire and San Diego counties and showed increased rent prices in all areas.

The report indicates that a possible recovery of the real-estate market may be looming in the near future.  

As more young workers find jobs and search for temporary housing, apartment rentals reach capacity and become more expensive. People with good credit beging to search for permanent housing.

The study predicts that average rent prices in Los Angeles county will increase 7.9% this year and will continue to increase to 9.6% by the end of 2013.  

Learn more about the USC Lusk Center for Real Estate study here.


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