Southern California apartment rents continue to rise, according to a report released Monday.
A forecast from research and analysis firm Axiometrics shows average monthly apartment rents in Los Angeles County, the Inland Empire, Orange County and Ventura County rose in February. And the Inland Empire’s average rental price topped $1,500 for the first time.
Average monthly rentals in the Inland Empire rose 6.7 percent in February to $1,501 compared with $1,407 a year earlier. The region’s occupancy rate held steady at 95.7 percent, although it was up from 95.4 percent in February 2016.
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