Main Content

Taksa Report

Greater Westside – 2019 Multifamily Market Report

The Greater Westside multifamily market continued to plow forward in 2019, closing the year with record sales activity despite encountering some legislative and late-cycle headwinds. Behind a rock-solid end to the year, a record 440 transactions closed across the market in 2019. While overall sales volume did fall by less than one percent year-over-year (YOY), the modest decline was a byproduct of the smaller buildings traded during the year rather than depressed fundamentals. In fact, solid increases in the average price-persquare-foot (PSF) and the average price-per-unit (PPU) pushed the Westside’s total sales volumes above $2B for the second consecutive year.

View Statistics Download Report