Over the last five years, foreign buyers have acquired over $9.7 billion of office product in Los Angeles. The Westside and Downtown CBD markets have been primary recipients of international capital. Higher rents on the Westside and the quality of assets in Downtown are some of the key drivers.
Given Los Angeles’ growing importance as a global hub and its diversified economy, we expect interest in the Los Angeles property market by foreign investors to only continue to grow.
Sources: JLL Research and Real Capital Analytics