• The Los Angeles multifamily market was dynamic for both development and demand in Q1 2018, with tight vacancy and rent growth.
  • The vacancy rate of 4.1% inched up 20 basis points (bps) from a year ago.
  • New deliveries recorded peak levels with 8,779 units completed for the year ending in Q1 2018, while net absorption totaled 5,606 units.
  • Rents reached $2,264 in Q1, up by 3.2% year over year.
  • Q1 2018 multifamily asset acquisitions totaled $1.8 billion, reflecting a sizeable year-over-year gain. Cap rates remained at a record low of 4.3% for the second quarter in a row.