Los Angeles County

los_angeles_commercial_real_estate

Los Angeles County Commercial Property Types

  • Retail – 42,151 existing buildings with 416,638,864 square feet, past year average cap rate of 6.2%
  • Office – 16,094 existing buildings with 403,556,658 square feet, past year average cap rate of 6.5%
  • Industrial – 31,439 existing buildings with 858,069,189 square feet, past year average cap rate of 6.1%
  • Multi-Family – 51,135 existing buildings with 916,701 units, past year average cap rate of 5.5%

 

Los Angeles County Demographics

Los Angeles County is comprised of a population of 9,919,025 people within 3,272,745 households as of 2013. This number is not expected to climb significantly by 2018, a low 0.47% to a population of 10,155,587. This is less than the gains expected for the state (0.78%) and the nation (0.71%).

Median household income is $53,586 and is expected to rise to $61,564 by 2014. This is a gain of 2.82%, lower than the nation’s expected gain of 3.03%.

While the majority (37.9%) have a net worth below $15,000, a large percentage have net worths over $500,000 (16.0%) and from $250,000 – $500,000 (8.3%). This highlights the very diverse levels of wealth in Los Angeles County.

 

Los Angeles County Cities We Specialize In

(*) Half of Westlake Village is in Ventura County

(**) Thousand Oaks is in Ventura County