Across All Sectors, Real Estate Seeing Increased Pricing And Strong OccupancyRelease Date: 2018-05-07
A strong economy has led to increases in rental rates across all sectors of real estate, with no sign of stopping, according to economists and real estate experts. All sectors have seen decreases in vacancy rates and increases in pricing. The residential and industrial markets are particularly hot.
“For single-family housing in Los Angeles County, land is very limited so we don’t have a lot of new housing and supply is very limited,” UCLA Anderson Forecast Economist William Yu said. “By and large, the price is doing very well. Year-over-year, home prices increased 9.3% in Los Angeles. For Long Beach, it’s a little lower at 7.2% year-over-year.”
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