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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