Friday, September 15, 2023 / by Fahad Karamat
Apartment Supply Wave in Greater LA
According to a recent RentCafe and Yardi Matrix report, LA is poised to roll out over 14,000 apartment units in substantial constructions this year. While this might sound like a lot, a deeper look reveals that LA trails behind cities like New York, which tops the list with an astounding 33,000 new units, and Dallas, making a splash with around 23,700.
A Pandemic-Inspired Construction High
If there's one upside to the pandemic, it's the surge it prompted in the construction sector. The report highlights that the US has witnessed the introduction of 1.2 million apartments in the previous three years. 2023 seems to continue this trend, dubbed a . ...