CULVER CITY, CA—The influx of tech and creative companies in the Culver City, CA market is driving rental rates and property values up, especially for luxury apartment buildings, according to Greg Harris, executive director at Institutional Property Advisors. In an earlier story, reported that Harris represented the seller, MWest, in the disposition of Keswick Court Apartments, a 60-unit, luxury apartment complex. The buyer purchased the property in the upleg of a 1031 exchange, but more generally, the sale indicates the rising demand for quality multifamily in the area.

“The asset was located adjacent to growing startup tech and media companies fostering new high earning tech professionals that have a demand for luxury housing,” Harris tells “As Culver City continues to cultivate new employment, the submarket is realizing significant rent growth and value appreciation. The property has benefited from the high paying jobs in the marketplace, and will continue to do so for the foreseeable future.”

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt. Multifamily Fall 2024Event

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to'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 and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.