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Real Estate

Commercial Real Estate

What other types of macroeconomic variables might a potential investor use to evaluate the success of a downtown Los Angeles real estate development, such as the example above?

In addition to favorable loan interest rates, potential investors may be interested to know some interesting market and demographic facts about this real estate investment. Almost 77% of the population is above age 18, and thereby eligible to rent. Los Angeles is the second-largest center of government employment (after Washington, D.C.); the largest fashion industry employer (employing 87,000 people); home to a burgeoning biotech industry; and the second-largest city in the United States. More than 40 million tourists visit each year, supporting nearly 372,000 people employed in the tourism and hospitality industries. Also, the five-county regional area represents the sixteenth largest economy in the world, and plenty of college students need to rent in the area, given 113 colleges and universities in Los Angeles.



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