With lower rent collections and tenants moving out early, some experts forecast rent declines by year's end.
The Orange County Register (July 27, 2020) -- Los Angeles and Orange counties — which have higher numbers of workers in the hard-hit hospitality and service sectors — are seeing tenants breaking their leases and moving out, with or without their landlords’ consent. The two counties had a net loss of about 7,600 households, Willett said.
A U.S. Census Bureau survey found that 22% of Southern California tenants said they failed to pay their June rent on time. Thirty-seven percent said they have little to no confidence they’ll be able to make their next payment on time.
Read more at: The Orange County Register