Listen 7 min MORE A “for rent” sign sits on a lawn outside an apartment building on Cardiff Ave. in Palms, Los Angeles. Photo by Amy Ta.
LA rental data over the past year reflects a broader trend of rising prices in the suburbs. Rent increased in Calabasas and Santa Clarita, but decreased in Santa Monica, West Hollywood, and downtown LA between May 2020 and May 2021. That’s according to Crosstown LA, a local data journalism outlet that examined rents in nine cities across Los Angeles County, using data from Apartment List, a real-estate listing service.
“We talked to real estate analysts, and they said that residents really value space over local amenities,” says Crosstown reporter Taylor Mills. “They would rather have a bigger yard, they’d rather have a bigger apartment, and maybe pay that extra price than to be closer to restaurants and bar scenes.”
Rents rising in Florida as newcomers bring bigger budgets - South Florida Sun-Sentinel
sun-sentinel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sun-sentinel.com Daily Mail and Mail on Sunday newspapers.
Thursday s Afternoon Update
floridatrend.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from floridatrend.com Daily Mail and Mail on Sunday newspapers.