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Driven by Class A Performance, OC Cruises to Decade-High Rent Growth

Orange County’s apartment market is very full, but that’s been the case for more than two years. The biggest story of late is rent growth, which has reached decade-high levels. Driving rent performance has been Class A apartments, as construction of new product has remained reserved. That will change over the next year, when a substantial increase in deliveries is expected to increase competition among the Class A segment. What will be the effect on not only that product tier, but the Orange County market overall? MPF Research economists discuss the outlook for this Southern California market in the latest edition of Apartment Market Dynamics.

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