The submarkets that are still building multifamily units in Los Angeles

Between 2013 and 2023, Los Angeles experienced significant growth in apartment construction, averaging approximately 11,000 units initiated per year. This figure represents more than double the average annual starts of 4,500 units observed from 2004 to 2012. However, beginning in 2023, construction activity has slowed considerably, aligning with increased interest rates and a softer economic environment. In 2025, construction starts reached a decade low, with a little under 6,300 units commenced. Most submarkets saw little or no new projects in the second half of the year, but a few exceptions remain.