DTLA Market Report - Q2 2024
The second quarter of 2024 was highlighted by US Bank’s renewal for 105K SF at US Bank Tower,?a reminder of Downtown’s appeal to businesses across a diverse range of sectors.?DTLA also increased its stock of affordable housing with the opening of 6th Street Place with 94 units, while Weingart Tower 1A, with 278 more, will be welcoming residents later this year. The most exciting news of the quarter was City Council’s approval of the plan to renovate and expand the LA Convention Center in advance of the 2028 Olympics. Finally, DTLA's?restaurant boom shows no sign of a slowdown, with 12 new openings in Q2; among the highlights are Camelia, 6xs Coffee, and Kazan Ramen.