California Fires’ Impact on Rental Housing Industry
California Fires’ Impact on Rental Housing Industry

Rental housing industry answers call for those in need during California wildfires.
The destruction and damage of the multiple wildfires near Los Angeles continue to affect the entire area. The Palisades Fire reached nearly 24,000 acres, about 37 square miles, and took weeks to have 100% containment, according to state agency CAL FIRE. The Eaton Fire was at more than 14,000 acres. Both wildfires began Jan. 7. Several other wildfires started in Southern California in January as well, impacting the industry and residents.
According to CoStar Analytics, the wildfires affected 9,500 rental units at 480 communities. Roughly three-fourths of the multifamily buildings in the wildfire zones have 15 units or less, while 12% of communities featured 16-25 units. Only 2% had 100 or more units. The buildings, on average, were 71 years old.
“Rental housing providers importantly balance the business of housing with the humanity of home. There is no more critical time for this approach than during a devastating tragedy like the wildfires in California," said Bob Pinnegar, National Apartment Association President and CEO, in a release.
He continued to remind owners and operators that it is against the state's Penal Code to increase rent by more than 10% during a state of emergency.
“Our local members are working diligently to house those displaced, provide resources and be an active part of the solution,” Pinnegar said. “NAA continues to monitor the impacts of these fires and will support our affiliates and members in the weeks to come.”
The Apartment Association of Greater Los Angeles has set up a resources page for victims of the wildfires.
Learn more about how you can help those in need.