Listicles

Top 5 LA Submarkets for Development by Number of Units

Mostly, but not exclusively, clustered around downtown Los Angeles, the submarkets on our list are undergoing a construction boom.

Developers added more than 35,000 units to the region’s inventory over the past year, with even more on the way for 2020.

Some 31,100 units came online in the Western Region last year, with January and October leading the way in multifamily completions.

The metros on this list accounted for about a third of the nation’s total sales volume.

While average rents rose 3.1 percent year-over-year through November, several metros saw rents decline by as much as 4.6 percent.

Secondary and tertiary markets continue to dominate the ranking, while only two large metros made the cut.

These metros saw their occupancy rates decrease by as much as 120 basis points year-over-year through August.

In contrast to national trends, the occupancy rates for the best-performing metros went up by as much as 160 basis points.

The country’s best-performing markets ranked by year-over-year rent increases through July 2019.