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Manuel Angeles
Manuel Angeles

Commercial Real Estate Market Report: Hospitality in Los Angeles County, CA

Market Overview
The Los Angeles hospitality market showed strong recovery and growth in Q1 2024, with key performance indicators demonstrating significant improvement from the previous year. The average daily rate (ADR) reached $199.65, a 5.5% increase from Q4 2023, while revenue per available room (RevPAR) grew by 5.6% to $147.84. Occupancy rates remained robust at 74.1%, outperforming the national average by 0.9 percentage points.

Full Market Report: d2saw6je89goi1.cloudfront.net/uploads/digital_asset ...

Contact me for a complimentary market valuation analysis report for your hospitality property today.

#CommercialRealEstate #HospitalityRealEstate #HotelRealEstate #HotelForSale #CRE

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Manuel Angeles
Manuel Angeles

Commercial Real Estate Market Report: Self-Storage in Los Angeles County, CA

Market Overview
The Los Angeles self-storage market showed signs of stabilization in Q1 2024 after experiencing some softening in 2023. The market vacancy rate held steady at 11.6% compared to Q4 2023, while asking rents declined slightly by 0.5% quarter-over-quarter to $234 per unit. Despite recent challenges, Los Angeles continues to outperform the broader Western region, which had a higher vacancy rate of 11.9% and lower average asking rent of $178 per unit in Q1 2024.

Full Market Report: d2saw6je89goi1.cloudfront.net/uploads/digital_asset ...

Contact me for a complimentary market valuation analysis report for your self-storage property today.

#CommercialRealEstate #SelfStorageRealEstate #SelfStorageForSale #SelfStorage #CRE

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Manuel Angeles
Manuel Angeles

Commercial Real Estate Market Report: Warehouse / Distribution in Los Angeles County, CA

Market Overview
The Los Angeles warehouse/distribution market is comprised of 476.3 million square feet in eight geographic concentrations ranging in size from the 128.0 million square foot Mid-Cities submarket to the San Fernando Valley West submarket, which accounts for 6.6 million square feet. In the ten-year period beginning with Q2 2014, the South Bay submarket has experienced the greatest introduction of new inventory, 8.3 million square feet, amounting to 27.8% of all new competitive stock added to the market.

Full Market Report: d2saw6je89goi1.cloudfront.net/uploads/digital_asset ...

Contact me for a complimentary market valuation analysis report for your warehouse / distribution property today.

#CommercialRealEstate #IndustrialRealEstate #WarehouseForSale #DistributionCenter #CRE

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