Nick Griffin Nick Griffin is the director of economic development at the DCBID.

The multifamily vacancy rate has climbed above 12% in Downtown Los Angeles. According to the third quarter report from the DCBID, the multifamily occupancy in 87.5%, a 4.4% decrease from the same time last year. The DCBID, however, says that this shouldn’t cause concern because during the quarter 1,380 rental units delivered were delivered and 2,700 units have been delivered so far this year.