The 2013 USC Casden Multifamily Forecast projects two more years of rent increases as the region’s rental housing market continues to absorb units faster than it completes them.
Between the second quarters of 2012 and 2013, the four Southern California apartment markets – Los Angeles, Orange, and San Diego counties and the Inland Empire – completed almost 6,700 new units, a three-year high. However, it absorbed nearly 11,900 units during the same period.
