5 Rental Market Predictions: What to Expect in 2017 (and Beyond)
To my South Bay and Westside Residential Investment Owners:
As presumed, while there is expected to be a nationwide stabilization of rents in 2017 around 1.5%, the exception is……can you guess….the West Coast markets!
We will continue to see rents not leveling off in the Southern California region. Rather, continued rental rate increases of approximately 5% will continue to be the norm around these parts.
I second this projection based on my “boots on the ground” perspective. Despite the natural uncertainty that comes in the Presidential transition of power on the economy, South Bay Property Management Pros has continued to experience relatively fast paced lease-up of it’s investment owners residential properties in the beginning of 2017.
Simply put, real estate growth is still occurring!