Apartment occupancy in LA inches closer to 90%, lowest in years: Colliers
Apartment occupancy in Los Angeles County has fallen to a level not seen in several years. In the first quarter, multifamily occupancy dropped to 93.9 percent, L.A. Business First reported, citing a quarterly market report from Colliers. The rate has not fallen below 95 percent in years, Colliers Vice Chair Kitty Wallace told the publication. “The rental market has been slightly soft,” Wallace told L.A. Business First. “We have a slight uptick in our deliverables, but when we get midway through 2027, there’s not much else that’s being built.” The uptick in vacancy could be attributed to low construction, workforce […]This article originally appeared on The Real Deal. Click here to read the full story.
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