http://www.latimes.com/business/money/la-fi-mo-la-apartment-rents-20130501,0,4811820.story
Rents in Hollywood have climbed in the last 12 months. Above, the
Avenue apartment complex in Hollywood. (Francine Orr / Los Angeles Times / May 1,
2013)
Apartment vacancies plunged in Hollywood during the last 12 months and rents increased as the neighborhood continued to rebound from the recession. But vacancies were still more plentiful in the Santa Clarita Valley, where former renters bought low-priced homes.Rents rose across most of Los Angeles County during that time as both blue- and white-collar companies added jobs at a faster pace than the national average, a report said. And landlords are expected to continue raising apartment rents in the months ahead, especially in neighborhoods where empty apartments are scarce. |
