SterlingChamp
Los Angeles net lease investment sales are up significantly forthe year. According to research from CBRE, net lease investment inthe market increased 62% in the second quarter, making L.A. thenumber two market for net lease sales, following New York City. Inthe second quarter, the market had a total net lease investmentvolume of $1.22 billion.
"The density of the population has been the primary driver ofthe activity, along with the strength of the economy,"Sterling Champ, EVP at CBRE,tells GlobeSt.com. "Even when you see downturns in Los Angeles,there still seems to be pretty strong commercial activity, justbecause of the density of the population. In over any 10-yearperiod, we've certainly a full recovery, and so I have a verypositive outlook on the economy and the local economy in the cityof Los Angeles."
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Kelsi Maree Borland
