Inland Empire Apartment Market off To Solid Start in 2024

Apartment rents in California’s Inland Empire are rising moderately in the new year as landlords respond to stronger demand. The increase has already lifted trailing-year rent growth across the market to 0.5%, from a flat ending in 2023. Absorption, reflecting the net change in occupied units, turned positive in the final three months of 2023 and gained steam in the first two months of 2024.