Are apartment rental rates in Santa Monica, CA going up or down?

In Market Conditions - Asked by Rose D. - Oct 2, 2008
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Timothy F.
Santa Monica, CA

I own a 42 unit apartment a few miles away from the Promenade and rent is holding steady for me. I'm guessing there are less buyers now and more renters.

Oct 2, 2008
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David B.
Beverly Hills, CA

Santa Monica will always be a desirable place to live, and will generally appeal to a young, affluent renter. The Santa Monica apartment rental market is still very strong, and steady. Depending on where your property is, will determine what the market rents should be. Generally, rents have not changed in the last 6 months. They are holding firm. I would browse and to see what your neighbors are renting for.

Oct 3, 2008
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Chris S.
Coeur D'alene, ID

Both of the prior are great responses.
Watch out for rent control on the west side, could keep you rents frozen in place long term.

Jan 16, 2009
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