Rents Higher for Apartment Dwellers in Riverside - 2004-01-24
The Inland Empire's robust economy is a mixed blessing for Inland apartment dwellers whose rents are increasing the fastest in the West, according to a study released this week.
"You have job growth, which is quite unusual in most areas of the United States," said Gerald P. Cox, Real Facts' director of marketing. Employment expansion and in-migration, Cox said, have brought new renters to replace many who have taken advantage of low mortgage rates to become homeowners.
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