Matrix Multifamily Los Angeles Report-June 2025

Market Overview

Los Angeles’s multifamily fundamentals were steady in early Q2 2025. Advertised asking rents increased 0.2 percent on a trailing three-month basis through April, matching national growth and reaching approximately $2,652 per unit. Despite four years of elevated supply, occupancy remained strong at 96.0 percent as of March—well above the U.S. average of 94.4 percent. The development pipeline remains substantial, with nearly 29,520 units under construction, while earlier-year completions suggest deliveries are beginning to moderate.

About Yardi Matrix

Yardi Matrix is a leading provider of commercial real estate data and analytics across multifamily, student housing, office, industrial, self-storage, and other asset classes. Their metro-level multifamily reports deliver timely insights on rent trends, occupancy, supply pipelines, and broader market fundamentals to inform strategic decisions by investors, operators, and analysts.