15 March, 2017
•With the exception of the San
Fernando Valley, each submarket exceeds the LA County’s increase in both
Neighbor Center and Strip Center rental rates.
•Westside rental rates increased
because of the amount of new businesses moving in, particularly tech companies.
These businesses are creating high income daytime populations which increase
spending in the area. Central LA, particularly Downtown is seeing increases
based on the perception that the submarket will increase in population and
popularity in the coming years, spurred in part by a spike in Chinese
investment anticipating the Chinese Government’s restriction on international