Signs still good in commercial real estate. Leading analysts say demand comes from good job growth, strong demographic trends and good retails sales growth. Vacancies have declined and there has been strong rent growth. These factors have resulted with an increase in transactions.
Apartment average rents in LA increased 6.5% by mid-year 2015. Westside has the highest average rents in the city at $2,700. Downtown at $2,200. South Bay at $1,800. San Fernando Valley $1,600.
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