Inglewood Real Estate Market Update
Hannah McCarthy Market Update! - Inglewood is home to one of LA's largest apartment sub-markets and consists of nearly 90% low quality units.
With construction underway for the NFL Stadium and a recent rentcontrol cap of 5% put in place, I was very curious about the state of Inglewood's multifamily market.
This area has been historically overlooked by developers, however 2019 is shaping up to be exceptional for the Greater Inglewood area. 2,000 units are under construction and supply is keeping up with demand. Vacancy is low, cap rates are not insane and the average price per unit has more than doubled since 2013 where it was approximately $175k/unit.
As the boon from nearby markets pushes out, I think we will see this area continue to rise. We provide free opinions of value to owners of commercial real state.
Contact Hannah today if you are in the market to buy or sell.
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