Look around downtown and see if you can count the number of new construction sites. There's a lot. Among all the development, there are about 5000 residential units to come on the market in the next 2-5 years. Among them, only a fraction (not even 10%!) will be condos/lofts that you can purchase. The rest are slated to be rentals. Because of this low inventory of condo housing, developments such as the new phase of Barker Block and Beacon Lofts sold out within a couple of months. And despite the steady increase in value of condos in downtown since the crash, many homeowners aren't selling because they see this as just the beginning of where DTLA should be.
This is why it's so important to get in early on new developments. You not only have first dibs on the choice units in a building, but can often have the pick of the litter on upgrades, parking spaces and even get financing incentives. The latest project underway is Metropolis, which is a luxury highrise condo/hotel/retail complex that will change the skyline of downtown. Units will range from 510sf studios to 2600sf split level Penthouses. Pricing TBD. Early registration is key, so email me if you'd like to get on the list for advance information. Some renderings below, and the site where grading is well in the works.
