What does a former aircraft hangar, automotive plant and produce distribution facility have in common? They are all being re-invented as creative office and leased to high-profile tenants.
The Los Angeles metropolitan area has one of the lowest home ownership rates in California at 46.5 percent and well below the 62.9 percent U.S. national average.
Rising home prices and the Millennial generation’s preference to rent… Read More
Between August 2015 and August 2016, total nonfarm employment in Los Angeles County grew by 73,900 jobs, or 1.7%.
Educational and health services reported the largest year-over payroll increase, adding 22,800 jobs. This growth was divided between health care and social assistance (up 21,500) and educational services (up… Read More
JLL recently released its Summer 2016 U.S Technology Office Outlook, an innovative report looking at the dynamics shaping the technology industry across 45 markets. Los Angeles continues to rank well in a number of key high-tech market metrics.
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
Within Los Angeles, Venice leads the pack with $17,351 per capital spent on retail annually.
We could expect increases in per capital spending on retail goods in downtown as retailers continue to flock to the area.
For more information contact Kevin Carroll
Visit the JLL Los Angeles Research webpage for additional market insight.Source: JLL Researchand ESRI Business Analyst Online
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
Between July 2015 and July 2016, total nonfarm employment in Los Angeles County increased by 75,900 jobs, or 1.8 percent.
Health care and social assistance expanded payrolls by 21,800 and helped drive up employment in educational and
health services (up 30,800) for the largest year-over increase.
Professional and business services added 15,300 jobs.… Read More
There is a growing presence of online-based retailers and logistics companies providing same-day or next-day delivery service to consumers which is affecting the Los Angeles industrial market.
The logistics and distribution sector accounted for 39.4 percent of the top 25 leases during… 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