What's Driving The Developments In The Valley? Traffic
The San Fernando Valley area of Los Angeles is seeing an influx of major commercial real estate developments from Woodland Hills to Burbank, but it is not solely due to the economy or its affordability compared to other parts of Los Angeles. Instead, many commercial real estate experts credit another factor many Angelenos love to hate: traffic.
San Fernando Valley residents are so tired of driving an hour to an hour and a half each way from their home to the Westside of Los Angeles or downtown Los Angeles that they are demanding more live-work-play developments in their backyard.
Because of the lack of affordability in the core areas of the Westside and downtown Los Angeles, many residents are moving to Glendale, North Hollywood and other areas of the Valley to live.