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Koreatown: LA’s hotspot for new development

•  With great amenities, a centralized location in Los Angeles, fairly priced housing and multiple metro stops, Koreatown has recently been one of the fastest growing submarkets in Los Angeles.

• Of the overall development in Koreatown, between 8th and 6th Street, Catalina Street and Western Avenue is the highest concentration of planned and under construction projects in the area.  Among these project roughly 474 hotel units, three hundred thousand square feet of retail, and over three thousand housing units would be added to the area in the coming years.

• As more people get priced out of historically popular submarkets, neighborhoods like Koreatown are growing
in demand among both young people and young businesses as seen in the quantity of development in housing and retail. 


Source: JLL Research




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