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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
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- ◦Economy
- ◦Development
- ◦Sale/Acquisition


