Finding the Sites to Develop New Housing in LA
Director, Institutional Metro Market Brokerage, CBRE
Barriers of both land scarcity and high cost structures can be overcome. Very little land sits vacant in Los Angeles, but the parcels that are available can be prioritized for development. The region’s biggest capacity gains could come from redeveloping residential parcels that are currently not taking full advantage of their zoning allowances, as well as underutilized commercial land. In the City of Los Angeles, current zoning allows for 1.5 million to 1.9 million additional housing units on highly underutilized residential parcels.