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JLL Sees Rent Gap Growing

LOS ANGELES-A West side and downtown rent gap is widening. But it is not near levels that might signal the start of another recession, according to a report from Jones Lang LaSalle.

By Bruce Haring | Updated on June 20, 2013

LOS ANGELES-A West side and downtown rent gap is widening. But it is not near levels that might signal the start of another recession, according to a report from Jones Lang LaSalle.

Historically, the West side of L.A. and its nearby towns have attracted tech startups and media companies, while downtown L.A. has been home to large legal and financial service companies. The strong growth rates of the high-risk, high-reward tech and media companies on the West side often leads to a rent gap between them and downtown’s more traditional and conservative businesses.

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