The Los Angeles technology sector has seen extensive growth in recent years, and continues to be the catalyst for economic expansion. While the market is still seeing the southward migration of Silicon Valley giants, home-grown technology startups have flourished and are contributing to the industry’s local expansion. As media and technology… 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
Between May 2015 and May 2016, Los Angeles County nonfarm employment increased by 101,000 or 2.4 percent.
Educational and health services led the year-over gains adding 37,200 jobs. More than three-quarters of the employment expansion was concentrated in health care and social assistance (up 28,300). Educational services contributed 8,900 jobs to the
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.