There's plenty of housing available in Downtown L.A. for the wealthy but, while those apartments sit empty, many looking for housing find costs too high to pay.
High vacancy rates in Downtown L.A.'s residential units have lead landlords to offer parking deals and months of free rent. "Thanks to a wave of market-rate rental construction, supply has outpaced demand downtown since 2014. The vacancy rate now hovers around 12 percent — the highest recorded by real estate research firm CoStar Group since 2000," Josie Huang reports for KPCC.
At the same time, the city is home to a worsening homeless crisis.
"Because zoning updates have made it easier to build taller and denser, and there is not the same level of neighborhood opposition seen in other parts of L.A. High-rises are going onto surface parking lots," Huang writes. Some hope that these vacancies will lead to lower rents, but so far there is little evidence of that effect, perhaps, because of the type of housing. "All the market-rate apartments sitting unoccupied in the interim, however, irritate housing advocates such as Thelmy Perez, given California's shortage of affordably-priced homes," Huang reports.
FULL STORY: As DTLA vacancies rise, landlords increase breaks on rent, parking
To Build More Housing, Cities Must Be Smarter in How They Use Land
How strategic land use policy decisions can alleviate the housing crisis and limit unsustainable sprawl.
Opinion: Los Angeles Needs More Housing, Fast
The shortage of housing at all price points in the region is the main driver of high costs and the growing homelessness crisis.
Another SB 827? Ambitious California Housing Bill Isn't Quite Dead Yet
It received a lot of press, but ultimately California's Senate Bill 827 went nowhere. Now, the state senator who introduced the bill is working with advocates who opposed it on another version that just might have better chances.
Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
National Parks Layoffs Will Cause Communities to Lose Billions
Thousands of essential park workers were laid off this week, just before the busy spring break season.
Retro-silient?: America’s First “Eco-burb,” The Woodlands Turns 50
A master-planned community north of Houston offers lessons on green infrastructure and resilient design, but falls short of its founder’s lofty affordability and walkability goals.
Test News Post 1
This is a summary
Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
Test News Headline 46
Test for the image on the front page.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
EMC Planning Group, Inc.
Planetizen
Planetizen
Mpact (formerly Rail~Volution)
Great Falls Development Authority, Inc.
HUDs Office of Policy Development and Research
NYU Wagner Graduate School of Public Service