As summer turns to autumn and we finally say goodbye to 100-degree days, most are happy to see the heat go. But just in the last 30 days, we've seen the opening of prominent stores that confirm the retail scene in Downtown LA is as hot as ever! Which is exactly what we say in our just-released 2018 Downtown LA Retail Report.
Here are some notable highlights of new retail shops that have opened within the last month.
This content was written by Nick Griffin and originally appeared on Urbanize LA.
The Downtown residential market has been on fire for years now, with the retail and restaurant scene smoldering in its wake. Now those sparks are beginning to ignite the commercial office market – with our Q2 Market Report showing growth in leasing activity, average rents and net absorption. But the numbers, while good news, aren't the real story.
For many years, the Downtown Center BID has run a monthly Housing Tour showcasing everything DTLA has to offer to those looking for a more urban lifestyle in sprawling Los Angeles. Downtown LA has a weekday population of 500,000 (workers, tourists, and residents) but only 70,000+ people actually live here. However, the number of Downtown residents is expected to top 85,000 in the next few years.
On this housing tour, we show off some of the most dynamic neighborhoods in DTLA while exploring some of the newest residential communities. Our most recent DTLA Housing Tour was held on August 4th - starting at Bottega Louie, one of DTLA's finest restaurants. In case you weren't able to join us, here's a recap of the properties we explored.