As developers respond to uncertain financial conditions and moderating tenant interest, Los Angeles County only saw construction start on around 500 market-rate units in the second quarter of 2024. This slowing multifamily building, however, could give renters fewer options in the years to come.
Multifamily Development Continues Slowing in Los Angeles
Annual Construction Starts in Region Lowest Since Early 2013
By Ryan Patap
CoStar Analytics
July 11, 2024 | 6:43 P.M.
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- Properties
- Sagewind Ranch
43501 Oleander St, Lancaster, CA