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Market Updates

New Rental Registration Ordinance in Santa Monica

On November 18, 2025, the Santa Monica City Council unanimously approved a new ordinance requiring all rental units in the city — from duplexes and single-family homes to condominiums, accessory dwelling units (ADUs/JADUs), and non-stabilized...

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LA Considers Construction Minimum Wage Study

Los Angeles City Council is weighing a proposal to study the impact of a minimum wage specifically for construction workers on mid-sized residential developments. The proposed benchmark under discussion would set a wage of $32.35 per hour, plus...

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