New USC Report Expects Los Angeles, Orange County Rent To Increase By Triple Digits

Southern California residents should expect their rent bill to go up substantially in the next couple of years.

A new report from USC’s Lusk Center for Real Estate forecasts that renters in Los Angeles will pay an average rent of $2,369 in 2021, a $139 increase from the current average rent of $2,230.  

In Orange County, renters will see a $109 increase to $2,199 average rent; and the Inland Empire rents will jump $100 from $1,500 to $1,600 a month in 2021, according to the report."Rents are continuing to rise, and…

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What, WeWorry? WeWork Opens New Newport Beach Location

WeWork is continuing to expand in Southern California. 

In spite of continued turbulence following a failed initial public offering, the ousting of CEO Adam Neumann and The We Company's reported takeover by Japanese investment giant SoftBank Group, WeWork is still all systems go in Orange and Los Angeles counties. 

Its latest foray: The opening of its newest coworking spot in Newport Beach last week.WeWork will occupy more than 50K SF of ground-floor office space at Granite Properties' Bayview Towers at 100 Bayview Circle. Bayview Towers is a six-story, nearly 350K SF Class-A office building a few minutes drive from John Wayne…

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What's Driving The Developments In The Valley? Traffic