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Overview The L.A. apartment market has witnessed notable improvements since the beginning of 2021 after experiencing the worst conditions in 2020 in over a decade. Vacancies have been trending down since peaking at the end of 2020 and are currently 3.5%. Demand, after a record-breaking 2021, has moderated in 2022 but remains historically strong. Gains in the market have been broad-based, as ...
Despite the market’s uncertainty, commercial real estate performed well overall in 2022. With healthy balance sheets, consumer demand was significantly boosted in retail and industrial asset classes. In both sectors of the real estate market, vacancy rates fell even further than the previous year, illustrating strong demand for retail and industrial spaces in the post-pandemic period. Spe...
Multifamily sales activity in Los Angeles’ city limits remained restrained in the third quarter due to the additional transfer tax implemented on April 1. In total, 132 properties worth just over $366 million transacted during the quarter. Activity represents around a third of the dollar volume witnessed in the first quarter. Of the properties that traded in the city, only 13 c...
U.S. commercial property prices resumed their decline in Q3 as interest rates once thought to be inconceivable have become the norm, and will likely continue for at least the next 24 months. Retail rent has increased 11% since the end of 2019 and 4% over the past year as retailers enjoy surging sales amid limited store space. The recent pace of rent growth is more than twice that seen ...
Here is the List of the Top 10 Largest Multifamily Deals in Los Angeles for 2023 915 N La Brea Ave | West Hollywood, CA 90038 | 179 Units ･ Apartments ･ Built 2016 | Sold March 2023 for $112,500,000 11450 N Poema Pl | Chatsworth, CA 91311 | 280 Units ･ Apartments ･ Built 1985 | Sold October 2023 for $107,000,000 600 N Broadway | ...
Commercial real estate is the third most valuable asset class in the US, right behind stocks and bonds. With an estimated market value of about $17 trillion, it’s understandable why a growing number of investors are adding commercial real estate to their investment portfolios. However, not all commercial properties are created equal, and choosing the right type of i...
College has gotten shockingly expensive. Think $42,162 for the average private college tuition in the 2023-2024 school year. It’s enough for many parents and kids to rethink whether they even need a degree in today’s world. But if you do want to help out with your kid’s tuition, real estate investments can help. Try these six creative strategies to lighte...
