Arts District Downtown Los Angeles Loft Development Boom in Full Swing

This former DTLA industrial zone is undergoing a sweeping transformation

Arts District loft
Arts District loft

Downtown LA Arts District is hosting a flock of cranes.  Every few blocks there is a construction project in the works under a construction crane bringing transformative new developments and adaptive reuses to the former industrial zone that encompasses some 50 blocks of former industrial spaces that are quickly having a rebirth into a hipster zone with pool topped decks and smart retrofitted designed loft and live work spaces.  People are flocking to the Arts District to live out their aspirations for creative expression and  to take advantage of the synergy of other innovative business  and artists looking to develop there dreams. #artsdistrict #dtla

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Projects range from single story restaurants to major towers of mixed used lofts office spaces and even a school.  On a tour of a loft space recently I was pleased to see the melding of original clear story windows and roughly patched hard wood floors with convenient modern kitchen appliances and well-appointed shower and tub combo bathrooms.

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arts district downtown Los Angeles real estate market
Arts District Downtown Los Angeles real estate market

Not surprisingly, many of the developments are aimed at the crowd of creative industry youths flocking to the neighborhood. At least seven of the 25 projects in the works incorporate creative office space.  Other Down Town L.A. loft and conversion projects have been announced.

 

Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com  Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

Downtown LA Real Estate News – Home Values NOT in Bubble Range

Market Report: Los Angeles Home Prices Have Room to Grow

Real Estate publication Keeping Current Matters, Zillow-sponsored Pulsenomics real estate industry panel and NAR the National Association of Realtors have concurred with each other to dispute some industry pundits who claim that residential home values have risen too quickly and that current levels are on the verge of another housing bubble.

Downtown L.A. Not in a Bubble
Downtown L.A. Not in a Bubble

 

Panelists surveyed by Zillow said they expected home values to end 2016 up 4.5 percent year-over-year, on average, and for the median U.S. home value to exceed its pre-recession peak by November 2017. A majority of panelists with an opinion said markets in the middle of the country were likely to regain popularity compared to coastal markets in coming years as cost-conscious employers start creating more jobs in Middle America.
A marked shift in fortunes between coastal America and Middle America since the housing recovery began – rapid growth in the former, stagnation in the latter – is likely to eventually reverse as cost-conscious companies look for cheaper places to grow, according to a panel of more than 100 experts.

The Q3 Zillow Home Price Expectations Survey, sponsored by Zillow and administered by Pulsenomics LLC, asked a panel of 113 economic and real estate experts nationwide to offer their expectations for home value growth through 2020. The survey also asked the experts to share their views and expectations on changing dynamics in the middle of the country versus the coasts and in urban versus suburban communities.

The L.A. Loft Blog would change the word “Definitely” to the word “Probably” to give a more accurate depiction of statistical likelihood. Market cycles are never definite; just ask former Fed Chairs Alan Greenspan and Ben Bernanke.  The L.A. Loft Blog agrees that there will likely be no major downturn in home prices over the next several years because we have not experienced extended record high prices recently like we had preceding the great depression and great recession. In fact, we have more of a Japanese and European style of prolonged artificially low interest rates. That is more likely to cause overall economic stagnation, which does not require a dramatic drop in real estate prices. Additionally, Downtown Los Angeles outperformed the rest of the country for many years because of DTLA’s unique, dramatic renewal and transformation from blight to luxury. In the current market, it’s all about finding the best deal.

The good news is that it is easy and free to get access to special deals such as pocket listings and other unlisted bargains for sale. Get Downtown LA Pocket Listings Information in your email. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

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SEARCH LOFTS FOR SALE Affordable | PopularLuxury
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking

 

Copyright ©  This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association, seller or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com  Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.