O.C. rental rates push up 6.1% in third quarter
in the year ended in the third quarter, RealFacts reported last week. The typical rent at a large complex is now $1,494 – up $88 in a year.
I’ll contend that statistic actually shows that rents is falling.
If you consider the fact that the only properties being built at high-end luxury executive resort type properties, with complete health club facilities a 6.1% increase means existing non-resort properties are maintaining their pricing at best.
