AvalonBay Earnings: Southern California Apartment Market Cools as Rent Growth Stalls

The company's largest West Coast region faces headwinds with October rents declining slightly as the supply pipeline swells Southern California's apartment rental market is showing signs of strain as AvalonBay Communities' largest West Coast region posted flat-to-negative rent growth heading into the fourth quarter, a concerning shift for the real estate investment trust's 17,798 units […]