Multifamily Market Overview | Los Angeles, California

Market Overview

In Q1 2025, Los Angeles’ multifamily market showed tentative signs of recovery amid ongoing affordability pressures and regulatory uncertainty. While some central submarkets saw softening demand, areas with access to employment centers and transit nodes held stronger occupancy. With a high cost of homeownership and elevated interest rates, many Angelenos remain renters by necessity—supporting long-term rental demand even as construction moderates.

About Lee & Associates

Lee & Associates is a full-service commercial real estate firm with over 80 offices across North America. Its broker-owned structure promotes local market expertise and client accountability. The company offers services in brokerage, property management, and research across all major asset classes. Lee & Associates’ quarterly reports provide investors and landlords with strategic insights into regional trends, construction activity, and economic influences impacting the multifamily sector.

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