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Los Angeles apartment sales up 44%, rents stagnant

CRE Daily ·

CIGI
CIGI Colliers International Group Inc
$92.89 -3.70%
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  1. 1Sales of apartments with 50 or more units in Los Angeles County reached $3.3 billion through the third quarter.
  2. 2Apartment sales in Los Angeles County saw a 44% year-on-year increase through the third quarter.
  3. 3The occupancy rate for apartments in Los Angeles County remained at 94.1% in the third quarter.

So what's the key point?

Apartment transaction amounts in Los Angeles County increased by 44% compared to last year. This means trading has become more active as the scale of apartment sales has grown.

Source CRE Daily · View original ↗

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