Los Angeles County saw around 2,000 market-rate units commence work in the last quarter of the year. For all of 2023, just over 8,000 units began construction, representing the lowest level of starts in the market annually since 2012.
Los Angeles Multifamily Starts Remain Modest in Fourth Quarter
2023 Sees Lowest Number of New Units Commence Work in Over a Decade
By Ryan Patap
CoStar Analytics
January 3, 2024 | 9:29 P.M.
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In
IN THIS ARTICLE
- Properties