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Developers are building apartments at a fast pace in Southern California, but they’re not creating new supply quickly enough to force down rents, a USC report said.

Rents will continue to rise for the next two years, according to the school’s 2013 USC Casden Multifamily Forecast, as the region’s rental housing market continues to absorb units faster than they are being completed.

By Roger Vincent

 

Carnahan Property Management services Woodland Hills,West Hills, Calabasas, Canoga Park, Tarzana, Reseda, Topanga, Encino, Northridge, Van Nuys,North Hills,Chatsworth, Sherman Oaks, Studio City, North Hollywood, West Hollywood, San Fernando, Granada Hills, Mission Hills, Simi Valley, West Lake Village, Agoura,Toluca Lake, Valley Village, Burbank

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