Los Angeles is the 6th largest multifamily market with 448,848 completed units and 187,318 units in development, 30,151 of which have already broken ground, as of December 2021.
Los Angeles Multifamily Market Summary – December 2021
New lease asking rents are at $2,402, up 10.3%▲
from the previous year placing Los Angeles at
73rd overall in year-over-year rent growth.