January 31, 2018

2018 LA Multifamily Development Outlook!

Posted on: November 9th, 2017 by mfzMaster No Comments
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2018 LA Multifamily Development Outlook!

Los Angeles multifamily development has been incredibly robust over the last five years. 2017 delivered over 8,000 new units to the market. How much longer can this boom continue.

Downtown has the most projects under construction, but with all this activity, there is some concern of oversupply in this evolving submarket.

Westside’s soaring rents continue to encourage new development, as investors are looking to satisfy the demand provided by the young affluent workers in the region.

The rampant competition has lead to an amenities race among developers. Everyone is pushing the limits on modern living to beat out neighboring communities!

Even with all the activity, LA is still extremely undersupplied. This year the city was designated as the countries least affordable city in relation to average income.

Rent growth is outpacing income growth in a big way. This coupled with density debates, elaborate NIMBY requirements, and murky affordable housing parameters, create uncertainty.

Come join our expert panelists as they share ideas on experience and potential solutions to the supply and affordability issues facing Los Angeles!

Join us for this premium event to find out what is around the corner for Multifamily in Los Angeles! Come early and stay late for plenty of coffee, food and of course networking.

For more information and registration, click here

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