Average Rents in Los Angeles on the Rise?!?

According to rentBits, a rental search engine for apartments and rental homes, the average rental rates for the Los Angeles area has seen a slight increase November over October. Collectively across all bedrooms the average rental rate has risen from $2020 in October to $2041 in November. This is great news for property owners who have been battered by decreasing rentals rates.

In most other cities across the US, rental rates for apartments are seeing a decrease for the year. Much of this is due to a decrease in demand. Many renters are moving into single-family homes, moving back in with family, or doubling up with roomates. This decrease in demand coupled with increased inventory has driven rental rates down across the country.

Here at Pacific Shore Property Management we've been aggresivley pre-leasing all our upcoming vacancies. By starting the day we receive notice to vacate we've been able to keep vacant time on market to a minimal. To learn more about why Pacific Shore Property Management is the best option for your Los Angeles Property Management needs please visit our website at www.PSPMLA.com. We are the #1 Los Angeles Property Management Companies and would love to hear from you soon!

(877) 4-PSPMLA

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(310) 839-8970