Kotkin To L.A. Real Estate: Watch Out!

Joel Kotkin points to several trends in Southern California that should sound the warning bells for real estate investors.

1 minute read

May 7, 2001, 1:00 PM PDT

By Chris Steins @planetizen

"For much of the past decade, the boom in the entertainment industry has been the linchpin in the recovery of the Los Angeles real estate market. As middle class families and the "hard" side of the technology industry moved out to the periphery, entertainment-related jobs, including new media, helped boost home prices as well as fill office and warehouse space that suffered high vacancy rates in the early 1990s."

Thanks to ReisCast

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