All you need to know about the state of the DTLA market:
1) With 5,700 units u/c, the vacancy rate
decreased which shows units are being absorbed
2) As a result of new supply, prices
decreased 2.8%
3) When deliveries decrease momentarily, the vacancy rate drops showing strong demand
4) Demand far outstrips supply
5) Look at units older than 1 year to determine true vacancy rate (its 5%). All new construction is at 100% vacancy when it first opens
6) Market will run through 2020
https://www.globest.com/2019/12/05/d...-construction/