Downtown Rent Prices Set to Explode
Today’s MLS data reports that the average Downtown rent has increased from $2,606 ($2,400 median) in the last half of 2013 to $3,021 ($2,725 median) currently. That’s $300 to $400 per month more rent today than just 2 years ago. Unfortunately, that is just the beginning. Think Downtown Los Angeles rent prices are already high? Wait …