Brian Grazer Wallis Annenberg Neal Moritz Irwin Winkler city Malibu Chad Coronavirus Hollywood stars Celebrity Brian Grazer Wallis Annenberg Neal Moritz Irwin Winkler city Malibu Chad

Malibu's Summer Rental Rates Soar: "It's Like the Paper Towel Aisle at the Market"

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hollywoodreporter.com

According to Hilton & Hyland agent Chad Rogers, the summer rental season in Malibu is a "frenzy," with people itching for a change of scenery after months of shelter-at-home orders.

He's seeing potential renters battling for leases, and homeowners who "really weren't thinking about leasing [out their properties but] have decided to take advantage of these really high rates that are even over market value," says Rogers.

Just two rentals remain in the guard-gated Malibu Colony, where current and former residents have included Brian Grazer, philanthropist Wallis Annenberg, Neal Moritz and Irwin Winkler, and where seasonal rentals range this summer from $80,000 to $250,000 per month.

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