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.
