Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Inglewood has become a new favored multifamily investment market in Los Angeles. The Hollywood Park project, which includes a Rams football stadium, has attracted investors for the last two years, but a new rent stabilization measure in Inglewood could dampen multifamily investment activity along with new multifamily development. The rent stabilization measure is only temporary, and caps rental increases at 5%. However, it will likely lead to a more permanent solution.

Long waits for permitting approvals, restrictive zoning, parking space requirements, impact fees, all of these barriers to construction increase costs to develop new apartments,” Greg Brown, SVP of government affairs for the National Apartment Association, tells GlobeSt.com. “The implementation of rent control further discourages investment in housing across most of the income spectrum.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Kelsi Maree Borland

Kelsi Maree Borland is a freelance writer and editor living in Los Angeles whose work has appeared in such publications as Travel + Leisure, Angeleno and Los Angeles Magazine.

More from this author


Join 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
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.