Development

“The trade-off for people moving from suburban areas to cities is sacrificing living space in exchange for convenience and vibrance.”

These numbers from Freddie Mac are telling.

The Shops at Ledgewood Commons will offer a mix of anchor, junior anchor and pad site opportunities. Construction is expected to be complete in 2019.

With new multifamily supply hitting the market, occupancy rates in Downtown Los Angeles drop below 90% for the first time in years.

The overbuilt and bustling CBDs leave little room for new construction, consequently, investors are shifting focus towards the suburbs, where vacant land is still available and the potential for large-scale development remains.

RentCafe says that the fastest year-over-year growth stems from small and medium-sized cities, while a well-filled delivery pipeline will temper future gains overall.

Westport Properties is investing in infrastructure and a community park to win community support for a self-storage development in Compton.

The Los Angeles market doesn't make the list for the top market in the country for office development, and it could say a lot about the local economy and office market.