• Los Angeles

Downtown Los Angeles Revitalization Continues

Downtown Los Angeles is going through an exciting transformation. The construction boom of the 1900s brought high-rise office buildings to Los Angeles establishing a central business district. However, the area lacked space for people to live and meet their day-to-day needs preventing Downtown Los Angeles from having a residential community. The Adaptive Reuse Ordinance of 1999, which made it easier to convert old office buildings into apartments, helped fuel the second construction boom of the 2000s. Newer developments are predominately mixed-use projects coming from the conversion of these older buildings to modern projects with new and multiple uses. These conversions prompted a change in Cushman & Wakefield’s inventory in Downtown Los Angeles that did not happen overnight, but instead as a result of the events highlighted in the timeline below.

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For more information contact:

Eric Kenas
Market Director, Research
Greater Los Angeles, Orange County, Inland Empire
eric.kenas@cushwake.com 

 

  • Los Angeles

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