CBS News Los Angeles affiliate KCBS-TV featured research by Richard Green of the USC Lusk Center that predicts rents across Los Angeles will rise by $136 per month by 2019. Demand for housing continues to increase with job and population growth, but Los Angeles housing development has failed to keep pace with this trend. The…
The annual USC Casden Multifamily Forecast released this week noted the unemployment rate for the Inland area is the lowest in eight years, with growth in transportation and logistics accounting for nearly one-quarter of the area’s new jobs in 2014. Job and population increases over the next two years, the forecast said, will push up rents…
Apartment-dwellers in San Diego County can look forward to the highest projected rent increases in Southern California over the next two years, thanks to growing demand and low vacancy rates, according to a report [USC Casden Multifamily Forecast] released Tuesday….”Though multifamily construction permits are back to pre-recession levels and have provided some relief, population and…
Laist, a Los Angeles webpage, amplified rent is too damn high. This hip site included quotes Raphael Bostic made at the USC Casden Multifamily Forecast.
“Population and employment growth are driving up demand faster than new inventory can hit the market,” said Raphael Bostic, interim director of the USC Lusk Center for Real Estate, which collaborated on this week’s [USC Casden Multifamily] forecast with Beacon Economics, a Los Angeles consulting firm.