As a follow up to my article on apartments for rent in CA I found this and wanted to link to it.
Remember those nice freebies like TV’s, free rent, and gift cards, that used to be offered by landlords at apartments for rent in CA as an incentive to move into their complex? Well, they have gone the way of the world. In fact they have been replaced by rent increases on the West Coast.
“The ongoing recovery and tightening vacancies continue to generate greater pricing power on the part of landlords,” Ryan Severino, an economist at Reis, said in the report. “Vacancies should continue to decline while rents rise at an even faster pace than we observed in the first half,” according to the folks at https://www.bloomberg.com/news/2011-07-07/landlords-limit-freebies-as-u-s-apartment-vacancy-falls-to-6-.html.
How about you? Looking for apartments for rent in Ca? Comment below.
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[Image credit: ldcross]