Any opinions or reasons why one would work in the Bay Area compared to Los Angeles (interested in multifamily)
Like the title anyone have any input on where would be a better region to start commercial real estate with a focus on multi family, the Bay Area or Los Angeles? Pros and Cons?
[{"id": "djsttpd", "text": "I know Southern Ca RE well, I've looked into SF RE for the past few months for a couple developers I work with. Both places seem to be plateauing a little bit but it seems like you might need more cash to get into the Bay, my opinion is that if a couple companies move out of the Bay you might get a decent drop in property prices/rents. La seems to be a bit more stable IMO. ", "replies": [{"id": "djsvjwd", "text": "We are definitely at the stage in the cycle. I agree there are more economic drivers down south for sure not to mention 20 million compared to 5 million people/more buildings for trade/landlords to deal with. What are some of your favorite brokerages down south with good mentoring?", "replies": [], "depth": 2}], "depth": 1}, {"id": "djuaov4", "text": "I'm pretty bullish on MF in LA over the next decade or two as the city continues to urbanize. Cap rates are tight in every major market right now though, I think dealflow will continue to slow down until the next cycle", "replies": [], "depth": 1}, {"id": "j1j9932", "text": "Great question. Thank you for posting", "replies": [], "depth": 1}]