Inglewood’s multibillion-dollar makeovers: How major redevelopments transformed the multifamily market

During the early 2010s, the city of Inglewood, California, was experiencing significant financial difficulties. Following the Great Recession of 2008, the unemployment rate reached 17%, with 22% of residents living below the poverty line, per the 2010 U.S. census. Average market asking rents were 17% lower than in the rest of the Los Angeles metro area. Recognizing these challenges, the newly elected mayor advocated for targeted entertainment investments, starting with $18 million to renovate The Forum, known today as the Kia Forum. That project marked the beginning of a transformative era that has significantly reshaped Inglewood’s landscape to what it is today.