A.D. Cantelmo Property Management
Our Business is Property Management in Orange County California
Apartment rents in Southern
California are expected to climb
The average rent in Los Angeles County
is expected to hit $1,416 a month in 2018, an 8.3% jump from last year, while
in Orange County, average rents are likely to rise 9.4% to an average of
$1,736, the USC Casden Multifamily Forecast said.
Rent or own: Where can you afford to live?
The projections come even as
developers are building. Permits for more than 38,000 multifamily units were
pulled last year across Los Angeles, Orange, San Bernardino, Riverside and San
Diego counties — the most since before the recession, according to the
forecast, completed by Beacon Economics and USC's Lusk Center for Real Estate.
But much of the new supply is on the
pricey end, and economists say much more construction is needed because
California has consistently built too few units relative to population growth.
A.D. Cantelmo Property
Management Specializes in Property Management in Orange County
Ca.