Ryan Patap is a Senior Director of Market Analytics at CoStar. He specializes in construction and real estate, with a focus on Los Angeles' commercial property markets and California's broader real estate landscape. Ryan has been featured in CoStar and brings a wealth of experience from his previous roles in real estate research with firms like CBRE and Heitman.
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Los Angeles, United States (Local)
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Ryan Patap focuses extensively on local real estate, particularly in Los Angeles and California. His coverage heavily relies on press releases and data citations, indicating a preference for factual information from reliable sources.
Given his focus on industry-specific content and reliance on data, Ryan is likely to respond well to pitches that provide unique insights into the real estate market in Los Angeles or offer exclusive access to relevant data trends. Pitches should emphasize the use of credible sources and statistical evidence to support any claims or insights being offered.
Local real estate experts with specific knowledge about the Los Angeles market are likely to be well received by Ryan for interviews or commentary related to apartment rentals, office space dynamics, construction trends, and real estate investment activity within the region.
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The region's market has faced rising levels for years
Units underway in still-active Koreatown neighborhood are the lowest since 2018
Middle- and lower-tier properties see softer activity
Forecast anticipates occupancy losses to persist until at least 2025
New York and Los Angeles markets step up to the plate
By: Ryan Patap
Around 7,300 units began construction recently, down from a 2021 high of 13,700
By: Ryan Patap
Owner-users behind several major recent transactions
Some investors have reservations about transfer taxes and the business environment
Single-family zoning and some community opposition keep developers focused on Downtown Los Angeles, Koreatown
Soft space demand due to economic underperformance and high labor costs restrain momentum
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