11 consecutive months of double-digit percentage increases for rents in 21 big local California cities.
Next, take a peek at differences in how local rents moved between May and June …Fullerton, down 0.4%, Costa Mesa, down 0.2%, Irvine, down 0.1%Irvine at 18.9%, Costa Mesa at 17.3%, Pasadena at 17.1%And with a longer-term lens, a look at five-year annual rent inflation …Least pain:These stats show 11 consecutive months of double-digit percentage increases for rents in these 21 Southern California cities. June’s 14.
Is the math based on surveys of management companies or tenants? Does it look at large apartment projects, smaller complexes or individual condos or homes? Does the tracking include “asking rates” , “renewal rates” or simply what’s monthly rent expenses? And how are “incentives” accounted for? Note what the Consumer Price Index found in its June survey of what renters pay in various living arrangements:Jonathan Lansner is the business columnist for the Southern California News Group. He can be reached at
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