Southern California apartment rents are expected to keep climbing over the next two years, as employers continue to add jobs in the region, a USC forecast released Wednesday shows.

In Los Angeles County, average rents in 2018 are forecast to hit $2,304, up 3% from the previous year. In 2019, rents are expected to climb another 3%, to $2,373, according to the annual USC Casden Real Estate Economics Forecast.

Similar increases are expected in Orange County, where the average rent is expected to rise to $2,157 in 2019.

So far this year, rent growth has actually slowed in both counties. Averages in the second quarter rose 1% over the previous year, compared with the 6% and 5% increases seen in 2016.

Richard Green, director of the USC Lusk Center for Real Estate, said that slowdown probably reflects a flood of new apartment buildings that have opened. But he doesn’t expect the trend to continue.

Source: Southern California apartment rents will keep climbing, report predicts – LA Times

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