High-end Rental Market in Los Angeles

The Los Angeles Times published a great story today about the high-end leasing market in the greater Los Angeles area. Cary Hoffman, manager of Rodeo Realty’s Encino office, and Carol Wolfe, top producing agent from the Encino office, were quoted.

The article also included photos of the home of one of Carol Wolfe’s clients, Benny Borsakian. Benny was quoted too.

Cary Hoffman

Carol Wolfe

Lease offerings priced at more than $10,000 a month were up 15% through the first part of April over the same period last year on the Combined L.A./Westside Multiple Listing Service, while those in the $7,500-to-$10,000 price range saw a 7% increase, said the L.A. Times. 

OCHouseRentals.com, which specializes in luxury leases, reports that business has been brisk in Orange County as well.

Here’s one of the quotes from Cary Hoffman:

“We’re seeing increased leasing across the board — both luxury and non-luxury properties,” said Cary Hoffman, manager of Rodeo Realty’s Encino office, which has more than 70 agents and listings from the Westside to the south San Fernando Valley.