X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Los Angeles has seen tremendous growth this cycle, but housing and affordability issues could derail more growth in the future. The ULI Emerging Market report highlights the maturing real estate market this cycle, and Los Angeles has been a major beneficiary of that maturity. This cycle, Los Angeles has invested in mass transit and innovative businesses to drive growth.

“The Los Angeles region has taken multiple intentional actions to ensure its continued growth, which have resulted in the market weathering the Great Recession and emerging as a stable, growth-focused market,” Clare DeBriere, chair of ULI Los Angeles, tells GlobeSt.com. “Among those actions were to continue and to grow the significant investment in mass transit, to actively encourage our economy from a heavy aerospace focus to once much more evenly distributed to media, entertainment, technology, education and innovation based businesses, and we really capitalized on how we market and sell L.A.—from the active promotion of our sports teams, to our various neighborhoods, and active pursuit of high visibility tenants into our market.”

Kelsi Maree Borland

Kelsi Borland is a freelance writer and editor living whose work has appeared in such publications as Travel + Leisure, Angeleno and Riviera Orange County.

More from this author

GlobeSt

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.