Quote:
Originally Posted by biggus diggus
But you're comparing one high-end build out to a whole city's low end studio pricing it's not apples to apples, a similar studio to Elevation in DTLA is going to cost $1,500 or more. The $1,000 studios I referenced earlier are not A class properties, maybe low B at best. At any rate the market will adjust and you'll see those prices come down substantially in the next year to 18 months.
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As someone who is currently renting a 500 square foot studio in a new generic 6 story building on the border of nice/sketchy downtown LA, I can attest to the price difference. We are paying $2025 after move-in incentives.