Downtown L.A. Sees Vacancies Rise and Homeless Populations Grow

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.

1 minute read

September 20, 2017, 12:00 PM PDT

By Casey Brazeal @northandclark


Los Angeles High Rise Construction

Kit Leong / Shutterstock

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.

Friday, September 15, 2017 in KPCC

portrait of professional woman

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Get top-rated, practical training

Close-up of "Apartment for rent" sign in red text on black background in front of blurred building

Trump Administration Could Effectively End Housing Voucher Program

Federal officials are eyeing major cuts to the Section 8 program that helps millions of low-income households pay rent.

April 21, 2025 - Housing Wire

Logo for Planetizen Federal Action Tracker with black and white image of U.S. Capitol with water ripple overlay.

Planetizen Federal Action Tracker

A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

April 30, 2025 - Diana Ionescu

Ken Jennings stands in front of Snohomish County Community Transit bus.

Ken Jennings Launches Transit Web Series

The Jeopardy champ wants you to ride public transit.

April 20, 2025 - Streetsblog USA

Close-up of white panel at top of school bus with "100% electric" black text.

Driving Equity and Clean Air: California Invests in Greener School Transportation

California has awarded $500 million to fund 1,000 zero-emission school buses and chargers for educational agencies as part of its effort to reduce pollution, improve student health, and accelerate the transition to clean transportation.

April 30 - California Air Resources Board

Aerial view of Freeway Park cap park over I-5 interstate freeway in Seattle, Washington at night.

Congress Moves to End Reconnecting Communities and Related Grants

The House Transportation and Infrastructure Committee moved to rescind funding for the Neighborhood Equity and Access program, which funds highway removals, freeway caps, transit projects, pedestrian infrastructure, and more.

April 30 - Streetsblog USA

"No Thru Traffic - Open Streets Restaurants" sign in New York City during Covid-19 pandemic.

From Throughway to Public Space: Taking Back the American Street

How the Covid-19 pandemic taught us new ways to reclaim city streets from cars.

April 30 - Next City