Downtown on the Upswing
LA Business Journal | 11.22.2019
Those cranes that have become a fixture of the downtown skyline aren’t going away anytime soon. The area has delivered more than 50% of L.A.’s new rental units since 2018, and that pace is expected to continue in 2020. At the same time, average rents in the area have increased a mere 1% compared with an 8% increase citywide, according to the Downtown Center Business Improvement District.