Los Angeles Apartment Completions Set to Soar

As published on the RealPage website on September 20, 2018. Apartment completions in Los Angeles are about to soar to the highest levels in more than two decades. More than 16,000 new apartment units are slated for completion by the end of 2019, an increase in the existing inventory base of 1.5%. By comparison, the average increase in Los Angeles’ apartment inventory since 2000 has been 0.5% annually. Los Angeles is the nation’s second largest apartment market, with more 1.1 million units. Historically, Los Angeles sees about 5,700 new apartments built annually, a paltry amount given the size of the market. Dallas – with a population less than half of Los Angeles – averages almost twice that

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Anie Mayelian  (818) 915-9118 
DRE #0077825

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