In Los Angeles, lower- and middle-income residents are facing near-record rents, keeping activity low. Higher-income renters seeking luxury apartments, however, have primarily driven renter demand during the past year.
Despite elevated rents, luxury apartment demand drives activity in LA
Middle- and lower-tier properties see softer activity
By Ryan Patap
CoStar Analytics
October 2, 2024 | 9:53 P.M.
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