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Neighborhood and Strip center rental rates growth highest in West LA

•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 investments. 

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