Markets to watch in 2018
Now in its 39th year, Emerging Trends in Real Estate is one of the most highly regarded real estate and land use industry outlook. The market outlooks are based on an extensive survey, multiple interviews, and individual market focus groups. In 2018, Los Angeles has made it on the Top Cities of 2018 list. See why below.
Los Angeles
Local property/Market outlook
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Positive sentiment regarding multifamily and industrial, local economy, investor demand, capital availability
Demographics and livability
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Organic population growth only. Market-wide negative net migration over the next five years, however positive growth in 15 – 34 year olds
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Top ranked outdoor activity index
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Top quintile ranked green market
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Top quintile culinary ranking, and strong cultural ranking
Cost
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High productivity market, Cost of doing business 107%
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Housing affordability index 65.7, housing prices still at 98% of previous peak, rent over 31% household income
Connectivity
- Global, 6.8% of employment works for Foreign Owned Enterprises (FOE)
- Top ranked airport connectivity and international passenger volume
Ease of doing business
- Entrepreneurial activity, with 10.6% of firms less than 3-years old employing 3.2% of total employment, .51 patents per 1,000 population
