Multifamily / Page 35

Multifamily in the East Los Angeles submarket is generally smaller, older, and less luxurious compared to other parts of the Los Angeles metro. As a result, average rents in this market remain among the lowest in Los Angeles. However, in recent years, low vacancies translated into healthy rent growth. The combination of low vacancies, healthy […]

  A large concentration of major media companies reside in the Tri-Cities submarket and are the cornerstone of the economy. In normal economic times, employees of these media companies help drive apartment demand. That, coupled with significant supply constraints and healthy occupancy levels, are the pinnacle of multifamily market health. Once a hotspot for multifamily […]

Overview of Short-Term Rentals Short-term rentals, otherwise known as vacation rentals, are typically furnished lodgings that are rented for short periods. These rentals can be more appealing than hotels because of the prices, furnishings, and space. Various companies, such as Airbnb and VRBO, serve as the “middle-man” between the renter and the host. The market […]

14 Markets Seeing the Most Apartment Demand     The U.S. Sunbelt encompasses the southern and southwestern portions of the nation, including Alabama, Arizona, Florida, Georgia, Louisiana, Mississippi, New Mexico, South Carolina, Texas, Tennessee, and parts of California, North Carolina, Nevada, and Utah. The term “Sunbelt” refers to the area’s warm climate and rapid economic […]

There is a transformation occurring within the commercial real estate space as consumers adjust to the “new normal.” Here we explore the trends and numerous opportunities available in the market.   Top Trends in the U.S. 1. Convenience, Accessibility, Speed 2. Digital First Economy 3. Hybrid Workforce 4. Suburbanization 5. Flex Space 6. Just-in-Case Inventory Strategy 7. Affordability 8. Consolidation 9. Rise in Niche […]

West Hollywood is surrounded by some of Los Angeles’ premier employment hubs. This affluent city is primarily residential but provides residents with a dense urban feel. Santa Monica Boulevard runs through the submarket, boasting a range of bars, restaurants, coffee shops, and parks. Many young professionals reside in West Hollywood as it provides a live/work/play […]

Governor Gavin Newson and legislative leaders of both the Senate and the Assembly have announced an extension of California’s statewide eviction moratorium until September 30th, 2021, and increasing compensation for California’s rent relief program to pay landlords 100% of unpaid rent. The eviction bill was passed on a 34-0 bipartisan vote in the state Senate […]

On June 24th, 2021 the Biden Administration announced a one-month extension of the CDC’s federal eviction moratorium through July 31st, 2021, originally scheduled to expire on June 30th, 2021. This extension was signed by CDC Director Dr. Rochelle Walensky, further preventing the eviction of tenants who are unable to make rental payments. More importantly, this […]

  South Los Angeles, formerly known as South Central Los Angeles, is located just south of Downtown Los Angeles and lies within most of the Los Angeles city limits. The Los Angeles Times maps South Los Angeles as a 51 square mile area, consisting of 25 neighborhoods within the City of Los Angeles as well […]