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Don't Wait a Minute for 1,800 New Apartments Downtown
Photo by Magnetic Lobster via the LAist Featured Photos pool on Flickr
Petula Clark is not the only one who knows that downtown is where you can go to forget all your troubles and all your cares. In the past year, 1,800 new apartment units have been added to downtown, according to blogdowntown.That's 54% of all new apartments added in Los Angeles County! That's...whoa.
Despite the increase in available space, the rents in downtown are also getting a little bit...whoa. The average asking rent is now $1,342 which represents a 0.7 percent increase in the past year.
All that inventory needs to be rented out and sold to someone. Will that someone be you? You can tour tons of open spaces through an upcoming Downtown Center BID housing tour or you can check out other spots through 213 Loft Company and Loft Living LA.
Will you shy away from making the move downtown when life is making you lonely? Or are you ready to check out all those pretty neon lights where everything's waiting for you?
One year ago, Congress voted to defund public media, eliminating a critical $1.7 million from our budget every year going forward. But they couldn’t silence us, and we’re not going anywhere. LAist is now 100% community funded and that means we’re taking our future into our own hands and turning to you to keep local reporting strong.
You come to LAist because you want independent reporting and trustworthy local information. Our nonprofit newsroom doesn’t answer to shareholders looking to turn a profit. Instead, we answer to you and our communities. We are free to follow facts wherever they lead and to hold power to account without fear or favor. Our only loyalty is to our readers and listeners and our mission: to inform, engage, and strengthen Southern California’s communities.
If this story helped you, please become a monthly member today to help sustain this mission. It just takes 1 minute to donate below.
You come to LAist because you want independent reporting and trustworthy local information. Our nonprofit newsroom doesn’t answer to shareholders looking to turn a profit. Instead, we answer to you and our communities. We are free to follow facts wherever they lead and to hold power to account without fear or favor. Our only loyalty is to our readers and listeners and our mission: to inform, engage, and strengthen Southern California’s communities.
If this story helped you, please become a monthly member today to help sustain this mission. It just takes 1 minute to donate below.
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