As DTLA vacancies rise, landlords increase breaks on rent, parking

With downtown Los Angeles seeing a vacancy rate that’s three times higher than the rest of the city, landlords are ratcheting up the competition for tenants.

At Seven West, renters can get up to six weeks of free rent. At Wren Apartments, tenants can count on a break in rent, plus a free parking spot for a year if they sign a lease for at least 14 months.

Fashion blogger Nina Hu and her personal trainer husband ended up going with a one-bedroom loft at G-12 Apartments, which opened this spring in the South Park district. Between six weeks of free rent and a year of free parking, they’ve saved more than $4,500. Move-in specials, though, have not enticed enough people to fill the new apartment building, which Hu said sits more than half empty.

Read Full Article (via SCPR)

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