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California  + Los Angeles  | 

DTLA Condo Sales Spike in Q2

Connect Apartments is planned for September 28th in Los Angeles. Here’s where to get more information and register.

The DTLA residential market experienced a spike in condominium sales during Q2 2017, with 423 sales at $828-per-square-foot, increases of 381% and 23% respectively over the year prior, according to the latest report by the Downtown Center Business Improvement District [DCBID]. Consumers capitalized on the recent delivery of the long awaited TEN50 and Metropolis condo towers.

More than 1,000 apartment units opened in Q2 at Atelier, G12, and WREN communities, which helped hold multifamily occupancy levels steady, while lease rates continued to experience growth.

DCBID’s Carol Schatz says, “In the face of these record deliveries, Downtown LA continues to showcase a real depth of market, with occupancy and lease rates holding steady or growing. As the Renaissance continues to accelerate, we are excited to welcome the next wave of businesses, hotels, retailers, and residents to DTLA.”

Photo Credit: Hunter Kerhart

For comments, questions or concerns, please contact Dennis Kaiser

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Inside The Story

Read more at DCBIDConnect With DCBID’s Schatz

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Economy
  • ◦Development
  • ◦Sale/Acquisition
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