Multifamily / Page 36

  Despite a year of economic hardship and uncertainty, the demand for multifamily housing hasn’t slowed down. According to the U.S. Census Bureau, overall construction spending is projected to reach $1.45 trillion in 2021, compared to $1.43 trillion and $1.36 trillion in 2020 and 2019, respectively. Many metros across the nation, like Phoenix, Dallas-Fort Worth, […]

  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 […]

  For the first time in a decade, Los Angeles rents decreased due to the pandemic. In late 2020 and early 2021, demand intensified, particularly for larger units on the outskirts of Los Angeles, while Class A communities posted sharp declines. However, average rents appear to be stabilizing in Q1 2021, and some outlying submarkets […]

  Southern California’s San Fernando Valley is an urbanized valley in Los Angeles County. It encompasses about 80 percent of the City of Los Angeles and includes other independent cities, including Burbank, Calabasas, Glendale, Hidden Hills, and San Fernando. Comprised of nearly 350 square miles of prime real estate, the San Fernando Valley is home […]

  East Los Angeles is an unincorporated area and census-designated place (CDP) in Los Angeles County. The area is located immediately east of the Boyle Heights district of Los Angeles, south of the El Sereno district of Los Angeles, north of the city of Commerce, and west of Monterey Park and Montebello. Put more simply, […]

Market Report Capital Markets in Los Angeles As a globally recognized metro, Los Angeles has been an epicenter of investment activity for some time. As a pricier coastal market, the metro’s commercial real estate environment experienced a downward momentum during the pandemic but has already started to increase to pre-COVID-19 activity. There is less concern […]

  Investors predict that the commercial real estate industry will noticeably begin to recover from the COVID-19 pandemic in 2021. Retailers will adjust to new norms, offices will alter space needs based on teleworking trends, centrally located industrial distribution space will increase assuming growth in e-commerce, and multifamily development will recalibrate based on renter demands. […]

  The Cleveland multifamily sector has proven to be resilient in the aftermath of the COVID-19 outbreak. In the face of unprecedented job losses, fiscal stimulus has been key to the sector’s stability, and landlords continue to report strong rent collections and leasing activity. Development activity remains high in the submarket, and units under construction […]

  Market Overview Home to the world’s busiest airport, Hartsfield-Jackson Atlanta International Airport, Atlanta boasts an impressive travel industry. The airport’s recognition has helped solidify deals with Mercedes-Benz and State Farm, both of which have relocated significant operations to Atlanta. Additionally, the airport has helped build the region’s movie and entertainment industry, which reaches $3 […]