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Market Update

Mayelian Group

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The L.A. apartment market has seen a great resurgence following the dip in 2020. Rents have bounced back to their pre-pandemic state in May. Los Angeles has seen an increase in construction levels and still has a sizable pipeline, 26,00 units. Recent sales demonstrate that they are active and are willing to pay the highest pricing and get the lowest cap rates, found here in L.A.’s apartment market.

Stats and Updates are From Costar

Costar. # 1 Commercial Real Estate Information Company, 2021, https://www.costar.com. Accessed 5 Oct. 2021