Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Dana S. Brody Dana S. Brody

Single-family housing prices have increased 42% in the last decade to a median home price of $674,600 in Los Angeles, according to recent research from JLL. The increase in home costs—which is even more dramatic in some submarkets—has left many millennials unable to purchase a home and pushed the homeownership rate in Los Angeles down to 51.9%. As a result, there is increased demand for multifamily housing options, pushing vacancy rates for apartments down to a historic low of 4.5%. We sat down with Dana Brody, SVP of capital markets at JLL, to talk about the rapid rise in single-family housing costs and how the for-sale market is impacting multifamily rentals.

Kelsi Maree Borland


Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now

Copyright © 2018 ALM Media Properties, LLC. All Rights Reserved.