If developers were concerned about West Los Angeles, projects like this would not be moving forward.
A new mixed-use development with 92 apartments and ground-floor retail is nearing completion on Westwood Boulevard, adding much-needed housing in one of Los Angeles’ most supply-constrained neighborhoods.
According to Oron Maher, developers do not invest years of time and capital into projects like this unless they believe in the market’s long-term strength.
In real estate, confidence is measured by where capital gets deployed.
Despite the challenges facing Los Angeles, continued development in West LA is a signal that investors still see long-term opportunity in the market.
Do you think West Los Angeles is still one of the strongest multifamily markets in California? Share your thoughts below.
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