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New apartment construction in Los Angeles is concentrated in Downtown Los Angeles. According to a report from JLL, 1,816 apartment units delivered in the market in 2018, and another 3,258 units are planned to deliver in 2019 and 1,310 in 2020, creating a total pipeline of 6,384 units. This construction pipeline is significantly larger than any other Los Angeles submarket. North Los Angeles came in second with 4,583 units scheduled for delivery through 2020.

“Various factors have made downtown a prime area in Los Angeles for multifamily development,” Peter Belisle, southwest market director at JLL, tells Globest.com. “The market faces less building restrictions and organized community opposition than other cities. Downtown has also undergone a major transformation over the last 10-year and the population has doubled. DTLA is a now place where people want to live and offers world class entertainment and cultural venues. It’s no longer just a place to work.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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