June 18, 2024
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CRE: Huge number of apartments built during COVID-19 pandemic

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Apartment construction up and down California and across the country boomed from 2020 through 2022, according to a study done by RentCafe.  RentCafe is under the Yardi umbrella, a Santa Barbara-based software real estate company. According to the study, the city of Los Angeles averaged 5,926 new apartments per year from 2020-22 and leads the…

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