The median rent for one- and two-bedroom apartments in Los Angeles, California, amounted to about 2,057 U.S. dollars in January 2025. Rents soared during the COVID-19 pandemic, with rental growth hitting 16.5 percent in March 2022. This trend has since reversed, with growth turning negative in May 2023. Among the different states in the U.S., California ranks as the second most expensive rental market after Hawaii.
The average annual rent for warehouses and distribution centers in the Greater Los Angeles area declined in 2023, after peaking in 2022. In the first quarter of 2024, the average rent amounted to 18.36 U.S. dollars per square foot. In the U.S., Greater Los Angeles is the market with the largest warehouse inventory.
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Stock figures used to estimate the average for each county, region and the nation are taken at 1 April of the following financial year. Average rents data for between 2003-04 and 2007-08 inclusively are estimated using total stock figures from Housing Revenue Account (HRA) audited base claim form. For 2008-09, stock figures for local authorities (LAs) where administrative boundaries changed on 1 April 2009 are taken from the HRA 2nd advance subsidy form as at 1 April 2010. Ordinarily stock figures would be taken from the HRA audited base claim form, however these figures were collected on the LA boundaries post 1 April 2009 and could not be reconciled with rents figures for 2008/09, which were collected on LA boundaries pre April 2009. Average rents data for 2003-04 and onwards are based on a standardised 52 week collection calculated by CLG from figures provided by local authorities.
The average monthly asking rent for shopping center space in Los Angeles, California, increased between 2020 and 2024. Rents peaked at 34.32 U.S. dollars per square meter in the fourth quarter of 2023, followed by a slight decline in the first quarter of 2024. Hawaii, San Francisco, and San Jose were the markets with the highest average shopping center rent in the U.S.
In January 2025, apartment rents recorded an annual growth in most U.S. states. Nevertheless, the national average rent declined by about *** percent. West Virginia was the state with the largest rental increase, while Colorado measured the largest decline. California, one of the most expensive states to rent an apartment, such as California, saw an increase of about *** percent from the previous year. How much should you earn to afford to rent an apartment in different states in the U.S.? Both employment opportunities and the living costs vary widely across the country. In California, which is among the most competitive housing markets in the U.S., the hourly wage needed to afford a two-bedroom apartment rental was roughly ** U.S. dollars, more than twice higher than in North Carolina, Louisiana, or Michigan in 2024. When it comes to the median household income, on the other hand, California does not even make it in the top ten states. How much should you earn to afford a home in some of U.S. largest metros? In 2022, the annual salary needed to buy a median-priced home in the U.S. was ****** U.S. dollars. However, in some of the largest metropolitan areas in the United States, where housing prices are up to two or three times higher, homebuyers would have to earn more than 100,000 U.S. dollars to afford a home. In San Jose, which was the most expensive metro, the annual salary needed for a median-priced home was approximately ******* U.S. dollars.
Details about the different data sources used to generate tables and a list of discontinued tables can be found in Rents, lettings and tenancies: notes and definitions for local authorities and data analysts.
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Rents for industrial real estate in the U.S. have increased since 2017, with flexible/service space reaching the highest price per square foot in 2024. In just a year, the cost of, flex/service space rose by nearly *****U.S. dollars per square foot. Manufacturing facilities, warehouses, and distribution centers had lower rents and experienced milder growth. Los Angeles, Orange County, and Inland Empire, California, are some of the most expensive markets in the country. Office real estate is pricier Industrial real estate is far from being the most expensive commercial property type. For instance, average rental rates in major U.S. metros for office space are much higher than those for industrial space. This is most likely because office units are generally located in urban areas where there is limited space and thus higher demand, whereas industrial units are more suited to the outskirts of such urban areas. Industrial units, such as warehouses or factories, require much more space because they need to house large, heavy equipment or serve as a storage unit for future shipments. Big-box distribution space is gaining in importance Warehouses and distribution may currently command the lowest average rent per square foot among industrial space types, but the growing popularity of the asset class has earned it considerable gains over the past years. In 2021 and 2022, high occupier demand and insufficient supply led to soaring taking rent of big-box buildings. During that time, the vacancy rate of distribution centers fell below ****percent. The development of industrial and logistics facilities has accelerated since then, with the new supply coming to market, causing the vacancy rate to increase and the pressures on rent to ease.
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Graph and download economic data for Rental Vacancy Rate for California (CARVAC) from 1986 to 2024 about vacancy, rent, CA, rate, and USA.
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Laos LA: Forest Rents: % of GDP data was reported at 3.841 % in 2016. This records a decrease from the previous number of 3.974 % for 2015. Laos LA: Forest Rents: % of GDP data is updated yearly, averaging 4.844 % from Dec 1984 (Median) to 2016, with 33 observations. The data reached an all-time high of 9.133 % in 1988 and a record low of 1.455 % in 1985. Laos LA: Forest Rents: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Laos – Table LA.World Bank.WDI: Land Use, Protected Areas and National Wealth. Forest rents are roundwood harvest times the product of regional prices and a regional rental rate.; ; World Bank staff estimates based on sources and methods described in 'The Changing Wealth of Nations 2018: Building a Sustainable Future' (Lange et al 2018).; Weighted average;
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Laos LA: Coal Rents: % of GDP data was reported at 0.272 % in 2012. This records a decrease from the previous number of 0.571 % for 2011. Laos LA: Coal Rents: % of GDP data is updated yearly, averaging 0.019 % from Dec 1984 (Median) to 2012, with 29 observations. The data reached an all-time high of 0.889 % in 2008 and a record low of 0.000 % in 1994. Laos LA: Coal Rents: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Laos – Table LA.World Bank.WDI: Land Use, Protected Areas and National Wealth. Coal rents are the difference between the value of both hard and soft coal production at world prices and their total costs of production.; ; World Bank staff estimates based on sources and methods described in 'The Changing Wealth of Nations 2018: Building a Sustainable Future' (Lange et al 2018).; Weighted average;
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This dataset comprises the mean number of days that a property was vacant prior to a new letting for new general needs lettings, let at social rent levels, owned by Local Authorities.
These data are for new social housing lettings at the local authority area level, and are derived from record level data recorded through the COntinous REcording of social housing lettings. They cover new General Needs lettings, at social rent levels, owned by Local Authorities (LAs). All figures are unweighted and are therefore not fully consistent with the weighted social rent data at national level in the 'Social Housing Lettings in England' statistical release.
Some Local Authority areas are missing from the Local Authority owned datasets due to there being either no LA owned lettings in that area, or there being too few lettings in an area for the data to be released, as it is deemed disclosive.
Data are given for the mean number of days that a property was vacant for prior to a new general needs social rent LA letting. The time vacant is defined as the period between the void (or new build handover) date or major repairs completion date (if major repairs carried out during the void period), and the tenancy start date.
This dataset provides information about the number of properties, residents, and average property values for Rent Bell Road cross streets in Campti, LA.
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This dataset comprises the mean weekly rent and total charges of new general needs lettings, let at social rent levels, owned by Local Authorities.
These data are for new social housing lettings at the local authority area level, and are derived from record level data recorded through the COntinous REcording of social housing lettings. They cover new General Needs lettings, at social rent levels, owned by Local Authorities (LAs). All figures are unweighted and are therefore not fully consistent with the weighted social rent data at national level in the 'Social Housing Lettings in England' statistical release.
Some Local Authority areas are missing from the Local Authority owned datasets due to there being either no LA owned lettings in that area, or there being too few lettings in an area for the data to be released, as it is deemed disclosive.
Data are given for the mean weekly rent and total charges of each general needs social rent LA letting. Total charges are derived from summing the basic rent with any of the following additional charges: service charge, personal service charge, or support charge.
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Laos LA: Natural Gas Rents: % of GDP data was reported at 0.000 % in 2015. This stayed constant from the previous number of 0.000 % for 2014. Laos LA: Natural Gas Rents: % of GDP data is updated yearly, averaging 0.000 % from Dec 1984 (Median) to 2015, with 32 observations. Laos LA: Natural Gas Rents: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Laos – Table LA.World Bank: Land Use, Protected Areas and National Wealth. Natural gas rents are the difference between the value of natural gas production at regional prices and total costs of production.; ; World Bank staff estimates based on sources and methods described in 'The Changing Wealth of Nations 2018: Building a Sustainable Future' (Lange et al 2018).; Weighted average;
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Laos LA: Total Natural Resources Rents: % of GDP data was reported at 9.470 % in 2016. This records a decrease from the previous number of 10.216 % for 2015. Laos LA: Total Natural Resources Rents: % of GDP data is updated yearly, averaging 7.640 % from Dec 1984 (Median) to 2016, with 33 observations. The data reached an all-time high of 18.171 % in 2011 and a record low of 1.519 % in 1985. Laos LA: Total Natural Resources Rents: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Laos – Table LA.World Bank.WDI: Land Use, Protected Areas and National Wealth. Total natural resources rents are the sum of oil rents, natural gas rents, coal rents (hard and soft), mineral rents, and forest rents.; ; World Bank staff estimates based on sources and methods described in 'The Changing Wealth of Nations 2018: Building a Sustainable Future' (Lange et al 2018).; Weighted average;
Residential real estate rents in France declined slightly in 2023. Bedrooms for rent and houses made an exception, with the average rent for a bedroom rising to 453 euros per month, and the average rent for a house rising to 1,044 euros per month. A two-room apartment in 2023 cost on average 555 euros, down from 725 euros in 2022.
In December 2023, the average rent per square meter of an apartment in the first arrondissement of Paris amounted to 34 euros. This arrondissement, situated in the center of the French capital, is the smallest by area and yet, one of the most expensive ones for renters. Paris appears to have some of the highest rents in Europe. The housing crisis in France Although France had the highest number of completed housing units per 1,000 citizens in Europe in 2022, demand in the capital far outweighs supply. The lack of affordable housing for purchase increases competition in the rental market, leading to rents soaring in the past decade. Residential prices in capital cities in Europe are usually higher than the national average, but in France, this trend is even more pronounced. In 2022, homebuyers in Paris paid more than three times higher than the national average - a price gap only Lisbon comes close to. The cost of living in the French capital Paris counts some of the world’s most incredible historical sites, as well as a vibrant culture. But living in the City of Lights is becoming more expensive every year. In 2019, The Economist Intelligence Unit’s Worldwide named Paris the second city with the highest cost of living worldwide. Even though the average cost for public transport is surprisingly low in Paris, compared to other European cities, real estate prices and the costs of food or entertainment can make Parisian life less romantic than expected.
In 2019, the most expensive zip code in California was 90024, which is located in Los Angeles, and renters paid on average 4,944 U.S. dollars per month for apartments there. Los Angeles and San Francisco were home to several of the most expensive zip codes in the state.
The average rent per square meter of houses in Périer was higher than in any other district in Marseille, France in December 2023. Tenants paid on average 19 euros per square meter for rental houses, while apartments cost on average 18 euros per square meter monthly. In France, many cities fetched notably higher rents.
The Balearic Islands, Catalonia, and the Community of Madrid were the most expensive Spanish regions for residential real estate rents in October 2023. The average monthly rent per square meter in these regions was 16.1 euros. On the other end of the scale stood regions such as Extremadura and Castile-La Mancha which had the most affordable rental housing. In Spain, the majority of households live in an owner-occupied home. Nevertheless, rental rates have grown substantially since 2013, showing that the market is growing.
The median rent for one- and two-bedroom apartments in Los Angeles, California, amounted to about 2,057 U.S. dollars in January 2025. Rents soared during the COVID-19 pandemic, with rental growth hitting 16.5 percent in March 2022. This trend has since reversed, with growth turning negative in May 2023. Among the different states in the U.S., California ranks as the second most expensive rental market after Hawaii.