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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.”

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Photo Credit: Hunter Kerhart

For comments, questions or concerns, please contact Dennis Kaiser


Inside The Story

Read more at DCBIDConnect With DCBID’s Schatz

About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as 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, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Economy
  • ◦Development
  • ◦Sale/Acquisition
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