Santa Monica Apartment Rents

here

The design, like many of the new developments, is a mixed-use building, with the bottom floor occupied by a proposed restaurant.

Council member Shriver expressed shock at the proposed rent for one 360-square-foot studio unit. According to the staff report, the market rate is $1,750 a month, which Shriver called “mind-boggling.”

Bloom pointed out that the high rents are a result of a thriving housing market in Santa Monica.

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