Inland Empire East’s growing inventory has started to level the playing field between the two submarkets. Construction completions in the East account for 40 percent of the total inventory base for buildings 100,000 square feet and above.
Leasing activity remains strong with 9.1 million square feet in year-to-date… Read More
Not only does the Los Angeles metro have one of the largest population on the west coast, the region generated $866.7 billion in economic output (Gross Metro Product) placing Los Angeles at the top of the leading west coast markets.
The metro maintains a highly diversified economy supported… Read More
The Los Angeles tech sector continues to expand, ranking on multiple national growth indices, including ranking 7th in employment count, 10th in technology wages, and 2nd for venture capital investment in the most recent quarter.
While VC funding is slowing in some key tech markets across the country,… Read More
Industrial construction volumes remain high as small box development accelerates with 16.3 million square feet of year-to-date deliveries. Vacancy rates continue to fall given current tenant demand and availabilities in the market.
Year-to-date absorption totaled 12.8 million square feet for the entire market. IE East led the market… Read More
Los Angeles unemployment reached 4.3 percent in May, the lowest level in 10 years, signaling full employment. The region’s economic recovery typically lags the state and the nation, but now boasts the lowest unemployment rate.
How much further can the LA economy grow? The Los Angeles Economic Development Corporation… Read More
Los Angeles has been transforming into an increasingly unaffordable city as home prices and rents have continued to rise and the housing supply has not been able to keep up with demand.
One solution is to build more housing, and since 2015 the City of Los Angeles has seen over 300 building permit requests for new apartment building construction with a potential for almost 11,000* new residential units.