At a recent California gubernatorial forum, all seven candidates agreed that regulation is a major driver of the state’s housing shortage — a position that would have been almost unthinkable a decade ago.
For West LA multifamily landowners, that shift is already influencing how development sites are being valued.
According to Oron Maher, Broker Director at Maher Commercial Realty, state housing laws and transit-oriented development policies are beginning to compress entitlement risk and increase land optionality near major transit corridors.
At the same time, developers still need to underwrite around rent control, prevailing wage requirements, and inclusionary housing thresholds that continue to impact project feasibility.
Holding land in West LA and want to discuss how state policy may be affecting your development value? Send us a DM.
