Los Angeles: A fragmented metropolis in transition
Transportation linkages have significant influence on surrounding land uses and property values. Car-centric Los Angeles is poised to undergo important changes in its transportation infrastructure. I believe this will result in certain areas becoming more valuable and others becoming less so. Astute real estate investors will capitalize on the changes before the impact on land use becomes manifest.
The Los Angeles conurbation is undergoing two fundamental changes to its transportation infrastructure: (1) the Los Angeles City Council–approved Mobility Plan 2035 that would redesign the Los Angeles roadway transportation infrastructure over the next 20 years (2) and the Los Angeles County Metropolitan Transportation Authority Metro Rail system expansion. These changes will alter access patterns across the metroplex and spawn new commercial real estate opportunities.
Los Angeles has been described as “72 suburbs in search of a city.” This decentralized metropolis may