Demand for apartments is starting to pick up again. The downtown area and expensive units are still slowly coming out, while outlying areas have seen a drop in vacancy rates. Besides, buildings have maintained their values throughout the pandemic, which should be good for investors coming in from overseas. Also, because of the pandemic and difficulty in building, there is a dearth of new construction in units being started in LA. For EB-5’s it looks like there is a large avenue for foreign investors in the multi-family area.
For example, The Cheesecake Factory has weathered the pandemic storm in retail properties and has announced they are looking to open 12-15 new restaurants by 2022 in the Greater Los Angeles area. There could be a rebound not only in restaurants but in brick-and-mortar retail.