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Nick Griffin Nick Griffin

In the first quarter, the multifamily occupancy rate in Downtown Los Angeles fell significantly. According to the latest report from DCBID, the occupancy rate in the first quarter fell 9.2% to 84.7%. The decrease was the result of new apartment deliveries in the market, and therefore is likely temporary. The demand for rental units continues to exceed the supply in the market, and new apartment buildings are exceeding lease-up goals.

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.

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