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Urban home prices have been crashing for several years in big city downtown areas, while single family homes in the best, safest suburban neighborhoods have been rising. As many flee the largest cities due to virus panic, lockdown economic damage, and rising violent crime, DTLA investors, landlords and home owners bear the brunt of the depression. $500 to $1,000 discount offers are today common in DTLA rental apartment market, while some of the most beautiful lofts for lease have dropped asking rent prices by several hundred dollars per month. Small lofts in the Historic Core are sitting vacant for months while larger lofts in the Arts District are occupied near full price. The best luxury lofts have seen the lightest reductions in asking rent prices.

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The best luxury lofts see the lightest drops in asking rent prices.

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.