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Sunday, July 10, 2022
Mills Act Lofts for Sale in DTLA
Anyone wanting to save up to 70% off their property taxes per year should look into Mills Act properties. It's one of the best tax loopholes, and there are some fantastic Mills Act lofts for sale right now.
Increase in Renters in US since 1970
Number of Renters in U.S. in Past Decades
1970 - 22.4M Renters
1980 - 27.3M Renters
1990 - 33.7M Renters
2000 - 34.6M Renters
2010 - 37.1M Renters
2020 - 43.3M Renters
2022 - 44.1M Renters
Friday, July 1, 2022
DTLA Residential and Office Occupancy Rates Increasing
No doubt people are going back to work, and the price points in DTLA are still affordable compared to the rest of LA (meaning you can still find modernized condos and lofts for well under $1M).
DTLA’s residential occupancy rate for the fourth quarter of 2021 was 94%, up from 88% a year earlier, and the average rental rate was $2,759 per unit, compared with $2,400 in the fourth quarter of 2020.
The office vacancy rate was 20%, up from about 16% a year earlier. Retail vacancy fell to 6% from 7% in the fourth quarter 0f 2020, and hotel occupancy stood at 54%, up from 40% during the fourth quarter of 2020.
https://www.dailynews.
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