Property Management
Q&A with USC Lusk Center's Stan Ross
Many apartment owners are excitedly eyeing the year 2012 and beyond. The feeling is that the lack of any new construction, combined with burgeoning demand from Gen Yers, will create a climate of rising rents and shrinking vacancies—basically a landlord’s dream. But Stan Ross, chairman of the board of the USC Lusk Center for Real Estate, is putting the brakes on that kind of talk. Until employment grows, Ross doesn’t see this paradise. And there’s no guarantee that will happen anytime soon. Here’s Ross take on where the industry is now and where he expects it to be in a couple of years.
2 MIN READ