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News

Don't Wait a Minute for 1,800 New Apartments Downtown

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Photo by Magnetic Lobster via the LAist Featured Photos pool on Flickr
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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?