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| 06/14/2024 In this issue of MarketRent™ powered by Clarendon, we spotlight how South Los Angeles, home to landmarks like the University of Southern California and Leimert Park Village, is undergoing significant transformation. Redevelopment initiatives are converting underutilized lots into modern multifamily housing, attracting young professionals, students, and families. This growth is spurring commercial and retail development, supported by government efforts to enhance walkability and connectivity. The area's cultural significance and improving infrastructure offer unique opportunities for investors and developers, promising successful and impactful investments. We also share a variety of data tools and visualizations to help you understand the connection between walkability rental prices and development in Los Angeles. |
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| FEATURED South Los Angeles: A Transformation in Progress |
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| South Los Angeles, a historically significant area in Los Angeles, is undergoing a revitalization with new multifamily housing projects, improved infrastructure, and commercial development. This transformation presents an opportunity for investors to be part of a growing and vibrant community. Read more and also explore recent development in the area. |
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| INSIGHTS A New LA on Foot: How Walkable Neighborhoods are Changing the City's Real Estate Market and Lifestyle |
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| South LA is experiencing revitalization as walkability attracts new investment and development. The city's ongoing efforts to promote walkability, coupled with the increasing demand for walkable housing, are significantly impacting LA's real estate market and lifestyle. |
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| DATA Paying for Walkability: How Walk Scores Impact Rent in LA |
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| Walkable neighborhoods in Los Angeles are experiencing a surge in popularity and higher rental premiums. This trend highlights the growing demand for pedestrian-friendly environments with convenient access to amenities and reduced reliance on cars. |
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| PULSE What We're Reading |
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| Comprehensive, Data-Driven Insights Analyses and Reports in Major Markets Nationwide |
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| All content is provided herein “as is” and neither Clarendon Valuation Advisors, LLC (“the Company”) nor its affiliated or related entities, nor any person involved in the creation, production and distribution of the content make any warranties, express or implied. The Company does not make any representations regarding the reliability, usefulness, completeness, accuracy, currency nor represent that use of any information provided herein would not infringe on other third party rights. The Company shall not be liable for any direct, indirect or consequential damages to the reader or a third party arising from the use of the information contained herein . © Copyright MarketRent™ | Clarendon. All Rights Reserved. |
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