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Real Estate/Development

May 13, 2003

L.A.-Area Apartment Vacancy Rates Stable in First Quarter

LOS ANGELES - Apartment vacancy rates were generally stable in the first quarter of 2003, but the Los Angeles area still boasts some of the strongest rental market fundamentals in the nation, according to research by Marcus & Millichap Real Estate Investment Brokerage Co.

LOS ANGELES - Apartment vacancy rates were generally stable in the first quarter of 2003, but the Los Angeles area still boasts some of the strongest rental market fundamentals in the nation, according to research by Marcus & Millichap Real Estate Investment Brokerage Co.

While the region's apartment fundamentals have been flat, the imbalance between strong investor demand and a limited supply of for-sale product has caused sales prices to increase from 15 perc...

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