Why Multifamily and Retail Are Carrying DTLA

Globe St | 9.5.2018

Multifamily and retail are carrying the renaissance in Downtown Los Angeles—and they are driving growth in other market sectors as a result. According to the latest quarterly report from the DCBID, multifamily occupancy grew 9.4%, up to 94% with rents up 4.1% to $3.06 per square foot and retail vacancy rates fell more than 14%, down to 4.1%.

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