Expectations Surge In Los Angeles Commercial Real Estate Market
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After lagging behind for a few years, it appears Los Angeles commercial real estate is catching up to the Bay Area. Specifically in downtown LA and the Inland Empire. California's developers are seeing strong growth across all areas: office, industrial, and multi-family housing. How did Los Angeles finally catch up? We spoke to the experts and here's our report.
• Lost industries of oil, banks, and aerospace replaced with entertainment and tech.
• Downtown and Inland Empire strongest areas for development.
• Industrial growth in Inland Empire due to cheap available land.
After lagging behind for a few years, it appears Los Angeles commercial real estate is catching up to the Bay Area. Specifically in downtown LA and the Inland Empire. California's developers are seeing strong growth across all areas: office, industrial, and multi-family housing. How did Los Angeles finally catch up? We spoke to the experts and here's our report.
• Lost industries of oil, banks, and aerospace replaced with entertainment and tech.
• Downtown and Inland Empire strongest areas for development.
• Industrial growth in Inland Empire due to cheap available land.
Creative Commons photo attribution to Basil D Soufi. Photo available at Wikimedia Commons http://commons.wikimedia.org/wiki/File:Inland_Empire.jpg
