Downtown LA and the Strange and Mysterious Vacancy Rates
SUPPLY-SIDE SHENANIGANS-The real estate research firm CoStar caused a stir in 2017 when it reported a 12.4% residential vacancy rate in Downtown LA. But Steven Sharp published a piece in the LA Times saying that the rate has subsequently dropped considerably. ("Downtown has a high apartment vacancy rate? The rest of LA should be so lucky." LAT, 2/13/2018) Sharp notes that CoStar's data showed a drop to 10.3% in January 2018. He also states the vacancy rate has since declined further to 8.1%, and 4.7% for buildings that have been open for one year or more.
																						
     
     
    
     
     
    
     
     
    
     
     
    
     
     
    
     
     
    
     
     
    
     
     
    
     
     
    
     
     
    
     
     
    
     
     
    
     
     
    
     
     
    
     
     
    
     
     
    
     
     
    
     
     
    
     
     
    
     
     
    
     
     
    