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Santa Monica Rents Drop After Hot Streak

11/29/2023 10:14 AM | Margaret Fulton (Administrator)

Rents in Santa Monica dropped in November after bucking a nationwide trend by rising for three months straight, according to the latest report by Apartment List.

The -1.7 percent drop comes after local rents increased 5.1 percent between August and October defying an early seasonal cooldown nationwide, according to the data.

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