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Los Angeles Downtown News: Amid Tight Condo Market, New Project Announced

By Ryan Vaillancourt. Spring Street project to create 250 units; new hotel possible.

May 04, 2012

...The plan to develop condos at the Title Insurance Building comes as many real estate investors are funneling their money into the rental market.

...The trend accompanies an increasingly tight rental market. According to a recent study by the USC Lusk Center for Real Estate, rental rates in the Downtown area have increased 18.2% since 2010 and occupancy is at 96.8%. Only the Westside has a higher average rental rate than Downtown....

For the full article, see the link:

Link: Los Angeles Downtown News