Los Angeles: The Favored City Among Investors

Petra Durnin is the director of research and analysis for the Southern California market at CBRE.

LOS ANGELES—Los Angeles is the favored city among investors for 2016, beating out New York, Dallas and San Francisco, according to the CBRE Americas Investor Intentions Survey 2016. The report also showed a general increase in investor sentiment, with 65% of investors looking to be net buyers over 60% in 2015.

Petra Durnin, the director of research and analysis in Southern California at CBRE, wasn’t surprised to see Los Angeles top the list. “We have had really strong fundamentals and really high prices per square foot on properties, but when you compare yourself with a primary market like New York, it looks like small achievements,” she tells GlobeSt.com. “When we started looking at the secondary markets like Los Angeles, we began to see a very strong story. To see that we actually came in first before New York was a pleasant surprise.”