By Kelsi Maree Borland via globest.com
Los Angeles rents have fallen slightly but not significantly since the start of the year, according to a new report from Apartment List.
Los Angeles rents have decreased .8% in the first half of the year, according to a new report from Apartment List. Los Angeles rents have been stagnant since last year, so it is not surprising to see a nominal decrease due to the pandemic; however, this data includes the spring rental season, which usually helps to fuel annual rent growth. As a result, rent growth for the city could be down more significantly for 2020 with slower leasing activity expected in the second half of the year.