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Greater Los Angeles gets an assist from new sports teams

  • ​Sports fans aren’t the only ones celebrating the return of the LA Rams. Since the announcement of Inglewood’s massive $2.6 billion stadium complex, investors are beginning to recognize the area’s newfound development potential characterized by local rises in rents and property values. Already, the city is poised to receive a $15 million shopping center renovation, a flurry of new multi-family housing developments, and a possible extension of the LA Metro Crenshaw Line.
  • The addition of the Los Angeles Football Club in 2018 will bring the total number of professional teams to 11, the highest number in the history of Los Angeles professional sports. Combined with the LA 2028 Olympics, the region is rising in stature as a major sports center. With its accession,  the city will benefit from upgrades to its infrastructure and economic vitality.   ​

Source: JLL Research​

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