Los Angles, also know as the City of Angels, is home to iconic celebrities, perfect wealth, and some of the highest rental rates in the United States. Having the fourth highest share of renters in the country, the Los Angeles Metro Area averages a rental rate of almost 54 percent. That seems high, but in parts of Los Angeles, such as Central Los Angeles, the percentage of renters climbs even higher.
The following report highlights the current trends in the Central Los Angeles multifamily market, how the high rents are effecting apartment values, and the outlook for Central Los Angeles.