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Multifamily Booming in Orange County
Connect Apartments is planned for September 28th in Los Angeles. Here’s where to get more information and register.
Orange County is projected to have a surplus of people seeking housing that cannot afford the costly down payment and mortgage payments of buying a home. According to researchers at CBRE, this staggering demand has pushed up rents 4% annually for the last six years, resulting in a 33% rise in rents since 2011, and demand for multifamily is expected to remain strong in Orange County.
Rent growth is likely to stay near the long-run average of 3.1% and vacancy is expected to continue trending downward, keeping Orange County well positioned through 2018 and beyond.
Since the recession, demand for multifamily in Orange County has greatly increased. Developers have delivered on average 3,200+ units per year since 2012, but it hasn’t satiated demand, with net absorption averaging more than 3,750 units per year.
For comments, questions or concerns, please contact Dennis Kaiser




