Apartment Rents Continue Drop

Previous Entry | Next Entry
| | Comments (0) |

The average rent at large Torrance apartment complexes dropped by 0.9 percent in the first quarter compared to a year ago, a study released Monday said.

The average rent was $1,521 in the January-to-March period, according to Novato-based Real Facts, which compiles rental data.

During the same period, Los Angeles County's average apartment rent dropped 2.3 percent to $1,655.

In further bad news for landlords, Torrance's aparment occupancy rate dropped 3 percent to 93.8 percent, the study said.

The survey of nationwide population centers found that rents generally have slipped for three consecutive quarters.

Leave a comment

About this Entry

This page contains a single entry by Muhammed El-Hasan published on April 20, 2009 5:42 PM.

California Space Business Top World was the previous entry in this blog.

JSF Data Stolen in Cyber Attack is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.

Powered by Movable Type 4.21-en

About Biz Waves

Biz Waves is a one-stop Web hub for business news and content from the South Bay region of Los Angeles County and beyond.

The primary contributor is:

Muhammed El-Hasan, a business reporter at the Daily Breeze since 2000, covers aerospace and everything else about business in the South Bay. Muhammed previously reported at the San Bernardino Sun and the community news division of The Orange County Register. He also worked as a researcher in the Jerusalem bureau of the Los Angeles Times in 1996-97. But his career highlight as a young man was driving a forklift at a Gardena company near Hawthorne, where he grew up.

You can email Muhammed at muhammad.el-hasan@dailybreeze.com

Subscribe to RSS feed