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Los Angeles Downtown News: The Next Downtown Apartment Boom

By Ryan Vaillancourt. Tight Market Leads to a Wave of Activity, With at Least 10 Buildings and Nearly 2,400 Units Slated to Start Construction by Next Year

September 10, 2012

Rates in the Downtown area have jumped 18.2% since 2010, and were projected to grow another 6% in 2012, according to the USC Lusk Center for Real Estate's Casden Multifamily Forecast.

...It is an inarguably big, capital-intensive wave, with at least 2,396 units slated to break ground by 2013. Still, that will do little to relieve the supply pressure that is pushing rents higher, said Gary Painter, director of research at the USC Lusk Center for Real Estate...

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Link: Los Angeles Downtown News