Friday, October 31, 2014

Why Prices Are Keeping Steady in Downtown

For those of you who've been keeping up with the happenings in downtown, you'll know that the market has been hot. While some units are selling about 1-3% below asking, many are selling for at or over asking. This is because the development in downtown has been nonstop since the crash in 2008. Savvy investors are transforming the neighborhood and residents and visitors are coming by the droves. This is just a glimpse of what's to come to DTLA in the next couple of years, and this isn't including all of the wonderful new eateries, cafes and boutiques that are opening literally every week:

1. Whole Foods

2. Complete transformation of The Bloc shopping center

3. Empire Hotel

4. Case Hotel

5. Trader Joes

6. Broad Museum

7. One Santa Fe Arts Theater and Shopping Complex

8. 1st & Broadway Park

9. Wilshire Grand

10. Metropolis

11. Alamo Draft House Theater

12. Freehand Hotel