When it comes to the state of the market in L.A., things are looking good, according to CRE experts around town.
Universe Holdings CEO Henry Manoucheri continues to see a lot of potential in the L.A. market.
“We think rents still have room and many legs left to run on,” Manoucheri said.
His company is very bullish on Hollywood, Los Feliz, the surrounding areas of Highland Park, and MacArthur Park near DTLA. It also continues to acquire properties in Inglewood.
Transit and transit-oriented developments are keys to continued growth. This is especially true in DTLA, according to Central City Association of Los Angeles president and CEO Jessica Lall.
She said the CCA believes all of downtown L.A. should be served by transit and is advocating for a Metro station in the Arts District and increased DASH services.
Beverly Hills Mayor John Mirisch said while Beverly Hills is a thriving, built-out city, “I would like to see more walkability in some of the southeast areas and a great museum come to town to add to the culture of our city.”
Find out more about what these and other panelists have to say about the L.A. State of the Market at the Bisnow L.A. State of the Market event at 7:30 a.m. Feb. 14 at the Century Plaza Towers at Century Park.