Skip to main content

Scroll Down

Market Report

Los Angeles Multifamily Market
Report

2Q 2025

Widespread Demand Improvement, Pullback in
Permitting Bolster Local Apartment Outlook

CBD leads the market in net absorption. Each of Los Angeles’ primary multifamily regions — Greater Downtown Los Angeles, South Bay-Long Beach, Greater San Fernando Valley and Westside Cities — recorded vacancy compression over the yearlong period ended in March. Barriers to homeownership aided renter retention across these areas. In-office mandates and demand stemming from households displaced by January’s wildfires also contributed to lower vacancy — most notably in Greater Downtown Los Angeles. Here, renters absorbed a net of 5,400 units, eclipsing the combined total for the other three regions. With concessions prevalent downtown — approximately 30 percent of units offered concessions in the first quarter — and the area representing a lower-cost alternative to South Bay-Long Beach and Westside Cities, local units may gain in appeal among more budget-conscious renters.

Related Research

Back to top