LOS ANGELES—Inglewood is on the verge of a major growth spurt. The new Hollywood Park development will house the Los Angeles Rams and bring retail and housing amenities to the market, but it isn't the only reason to get excited about the market. A dearth of housing supply and pressure from overcrowded South Bay cities is also helping to heat up the market. To look into Inglewood's highly anticipated growth, what residents in the market should expect and how the market is expected to grow in the near future, we sat down with Inglewood and South Bay expert Robert Healey, SVP at CBRE, for an exclusive interview.

GlobeSt.com: How is the new stadium development serving as a catalyst for growth in Inglewood?

Robert Healey: The new stadium combined with the unique development of retail, entertainment, office, hotels and various levels of housing inventory is a great foundation to spur additional growth in the city. The new stadium and massive mixed-use complex will be a brand-new point of attraction for the Westside, bringing in new visitors to the city and supporting the evolution of the surrounding area. The new housing stock will also bring new permanent residents to Inglewood and surrounding parts of town, which will increase local spending and help buoy the overall area. It is important to understand, this new development is more than just a stadium. It is an entertainment and mixed-use project that will attract visitors and residents 365 days a year.