(To read more on the multifamily market, click here.)
LOS ANGELES-In a survey of Downtown residents and its businesscommunity that was released Feb. 20 by the Downtown Center BusinessImprovement District (DCBID), business establishments, totalemployment, taxable retail sales, office rents and new housingunits are all on the rise. These escalations have been spurred,DCBID experts say, by Downtown's burgeoning population.
"This is phenomenally good news for Downtown Los Angeles and,therefore, for the region," Carol E. Schatz, president and CEO ofthe DCBID, tells GlobeSt.com. "Downtown is growing at a phenomenalpace."
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