The latest Casden Forecast issued by the USC Lusk Center for Real Estate says the average rental for a 2-bedder in L.A. County will hit $1,500 this year ($2,319 if you're shooting for West L.A.!)
Here's the hard data that confirms what LA voice Marc Caldwell posted just last month - that apartment-hunting in Los Angeles has become a grim little trudge toward poverty ...
According to the Casden Forecast:
The average rent for a two-bedroom unit is the highest in West Los Angeles at $2,319, nearly double the price for the same unit in the Antelope Valley. For the rest of 2005, rents should increase almost 4% to an average of approximately $1,200 for a one-bedroom, $1,500 for a two-bedroom and $1,700 for a three-bedroom unit. Occupancy rates will remain tight as job growth picks up throughout the county. New construction will help meet demand in the downtown area and also in Santa Clarita where renters are attracted to upscale lower-cost units within commuting distance of Burbank and the San Fernando Valley.
