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Los Angeles' original leading source for commercial real estate news, analysis, trends, events and resources in office, industrial, retail, multifamily, hotel, healthcare and net lease property sectors.
Nearly 75 historic properties have been converted into apartment buildings since the 1560s in Los Angeles, ranking the market third in the country.
In a survey of the US cities with the highest cost of living, California has four of the top five cities on the list.
Average asking rents and asset pricing increased in nearly every commercial asset class in September.
"The life science industry is thriving," says CGS3 attorney Dawn Saunders, who has seen more capital entering the market.
Despite the strong development of self-storage product, new demand is expected to outpace the current supply.
National retailer rent collections increased again last month, reaching a new record of 80% since the onset of the pandemic.
In September alone, apartment rents in Los Angeles fell 1.1%, but the market did not make the top-ten list for largest rent drop.
The two markets were already set for major changes, but they are now hitting harder and faster than anyone expected.
The pandemic has put outdoor spaces in high demand, and property owners are finding ways to bring create an amenity out of the outdoors.
A new report shows that 24% of homeowners in the US have missed or deferred a mortgage payment during the Pandemic.