After a sluggish 2020, CBRE says commercial real estate is rebounding in Los Angeles. Looking at number for Los Angeles, Orange, Riverside, San Bernardino, San Diego and Ventura Counties, CBRE notes the region has seen investment volumes near $10 billion, a 19 percent increase compared to January-April 2020.
Per the L.A. Business Journal, multifamily apartment buildings have comprised $4.2 billion, or 43 percent, of SoCal’s commercial real estate investment volume—double the apartment sales year-to-year.
Pointing to continued confidence in the housing market, CBRE notes that investor interest in multifamily units was more than double office, hotel and retail real estate.