Los Angeles multifamily developers are stepping on the gas while much of the country pumps the brakes. Builders kicked off more than 4,000 apartment units across Greater Los Angeles in the first quarter, roughly double the pace from a year ago and the strongest showing since late 2022, Bisnow reported, citing new data from Colliers. The rebound flies in the face of a national pullback in multifamily construction, where developers have slowed apartment starts to absorb a wave of new supply and weakening rent growth. It also pours cold water on the idea that developers are avoiding building in California, […]
This article originally appeared on The Real Deal. Click here to read the full story.
