Rental Market Update – June 2022

Published On: June 21, 202283 words0.4 min read

The limited supply of available rental units continues to put upward pressure on local rents. Searching the MLS I found 77 available rental units: 35 of which were asking more than $5,000/month, only 5 of which were asking less than $2,500/month. In the next 12 months we may see 200~ new apartments come to the market from that new mixed-use project on Thousand Oaks Blvd., and I imagine they’ll be gone in days depending upon price. Wondering if you’re getting fair-market rent? Give me a call.

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