BEHIND THE BOOM: THE FACTORS DRIVING INVESTMENT IN LOS ANGELES REAL ESTATE

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Encouraged by Los Angeles’ positive economics and high real estate values, big money investors from around the world are pouring billions of dollars into commercial multifamily residential real estate development throughout the Los Angeles region.

The region is experiencing strong job growth, according to a Los Angeles County Economic Development Corp. (LAEDC) report, with employers adding 105,000 in 2014 and potentially 104,000 more jobs this year.  

Strong demand for housing, specifically in the Los Angeles area multifamily housing, set off a construction boom beginning in 2013 that has steadily accelerated.  The other construction accelerator in Southern California has been hospitality projects. According to numerous sources, new multifamily/mixed-use development is expected to remain robust for at least the next few years, as robust rental rates and for-sale property values remain strong. 

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Keith Kaplan

CalBRE #01933707
Sothebys International Realty
9255 Sunset Blvd.
West Hollywood, CA   90069

keith.kaplan@sothebyshomes.com

310-646-7791

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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