My website: www.sandralew.com
The very hot silicon beach housing market has resulted from growing high tech firms in the area. Wow! Did you know that 86 percent of the nearly 700 tech firms in LA are located in Silicon Beach according to CBRE? No wonder there has been such a demand in housing. People want quality of life and desire to live close to where they work. Great jobs, coastal breezes, upscale shopping, hip restaurants, gyms, and proximity to the beach lifestyle make here worth every penny.
I've personally experienced so many multiple offers for my buyers. It's the lifestyle and potential upside with more dense conservative ratio of employees to work space that drives greater housing needs as well. Housing supply has not kept up with demand thus driving up prices and rents.
Silicon Beach keeps on scaling upward and outward
Rents soar in hot hoods, but expansion could prove to be a market equalizer
September 22, 2016 10:30AM
Collective campus on Playa Vista’s West Bluff Creek Drive.