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In the fourth quarter, a near record number of apartment units delivered in Downtown Los Angeles. For only the second time in the market’s history, more than 2,000 units hit the market in a single quarter, according to research from the DCBID. Four properties—a total of 2,011 units—came onto the market, second only to the third quarter 2018, when 2,027 units came to the market.

“It is affirming. It is the second highest number of units that have ever delivered in a quarter, and all of the properties are impressive properties,” Nick Griffin, executive director at the DCBID, tells GlobeSt.com. “It feels very impressive to have this quality of properties coming online at the same time, and it is also a continuation of the strength of the market.” The four properties include Park Fifth with 347 units; Trademark with 313 units, THEA at Metropolis with 685 units and Hope + Flower with 666 units.

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.

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