With continued growth across coastal cities in Washington, Oregon, and California, Utopia Management is becoming one of the largest and most reliable property management companies in the western United States. They have established offices in downtown Los Angeles, Long Beach, and Glendale, offering full property management service to 19 cities and counties within California. In the past 2 years, they have added over 20 new office spaces, expanding into Washington, Oregon, and Nevada. Their new service areas include Seattle, Everett, Bellingham, Tacoma, Portland, Las Vegas, and Reno.
Utopia Management offers full-scale property management services for residential apartments, homes, and condos, as well as commercial rental property. The company’s experience and renowned establishment along the west coast gives them the expertise and the network to provide affordable and unbeatable rental management. By building strong and versatile foundational systems they are able to expand their reach while maintaining quality service to existing clients. Utopia specializes in online marketing and virtual management services for both property owners and renters.
These services remain in high demand as the rental market heats up across the state of California. As national home values skyrocket, so do residential rentals along the west coast. The average monthly rent in 2021 in California is about $1,400, an 8% increase from the previous year, with many cities and counties seeing more dramatic increases. Marin County, for example, is seeing rental increases averaging at 10% or higher. The commercial rental market took a hit last year as countless businesses were forced to close during the pandemic, but 2021 is showing promising rebounds for office and industrial spaces, according to the Allen Matkins UCLA Anderson Forecast. As employment rates and business growth return, the demand for these commercial spaces is expected to skyrocket.
