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6 percent in 2006 as vacancy rates continued to tighten, according to a report by USC's Lusk Center for Real Estate. Apartment rents jumped across Southern California last year and vacancy rates continued tightening, in part because of the housing market slump, according to a report that will be released today by the Lusk Center for Real Estate at USC. On the heels of last year's privatization of some of the largest public REITs, the strong flow of equity capital into real estate will continue in 2007--but in a different direction, according to Stan Ross, chairman of the board of the University of Southern California Lusk Center for Real Estate. |
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