LA's New Tax Bombshell: How Measure ULA Shakes Up Retail Real Estate!

Marc Perlof • October 7, 2023

Hey, Retail Real Estate Rockstars! Dive into the latest buzz from the LA real estate scene: Measure ULA. If you're a commercial property aficionado, this is the intel you've been waiting for. Let's break down what this means for your empire and how to navigate these new waters.


The ULA Landscape

New Tax Alert: Measure ULA introduces a property transfer tax for real estate sales ringing in at $5 million or more in the City of Los Angeles only¹.


Economic Implications: This tax might give potential investors pause, potentially leading to a slowdown in the commercial real estate market.


Legal Challenges: With new regulations come new legal considerations. Owners and developers might explore legal avenues to challenge or navigate this tax.


Better Solutions & Strategies:

Tiered Taxation: Think of it as a sliding scale. The tax rate increases progressively with the property's value, offering some relief for properties just over the $5 million mark.


Tax Incentives: Offering tax breaks for those contributing to affordable housing or homelessness initiatives can align with Measure ULA's objectives².


Transparency: Ensuring that the tax revenue is allocated correctly, such as to housing subsidies and tenant protections, can build trust and support for the measure³.


Retail Property Owners, it's time to strategize and adapt. Whether you're looking to buy, sell, or just stay informed, understanding Measure ULA is crucial. Seek expert advice, stay informed, and always be ready for the next move. Call, text, or DM me at anytime. In the dynamic world of real estate, staying ahead of the curve is key!


How will Measure ULA reshape the future of retail real estate in Los Angeles, and how can you turn this change into your next big opportunity?


#RetailRealEstate #MeasureULA #LAPropertyInsights #RealEstateRockstars #CommercialPropertyTrends

Weekly Perl: A Commercial Real Estate News Recap

By Isaiah Angeles • April 25, 2025
Council wants Downtown entertainment zone to be ‘bigger, broader better’ City Council members unanimously directed staff to develop a more ambitious entertainment zone for the Third Street Promenade this week, rejecting a limited pilot program in favor of a permanent, seven-days-a-week allowance for open container alcohol consumption throughout the area.

Weekly Perl: A Commercial Real Estate News Recap

By Isaiah Angeles • April 18, 2025
The Unintended Consequences of Measure ULA We present evidence suggesting that Measure ULA has reduced higher-end real estate transactions in Los Angeles. Since Measure ULA was enacted, the odds of a Los Angeles property selling at a price above its tax threshold have fallen by as much as 50%. In raw terms, this sharp decline occurred across all types of properties, but our strongest evidence suggests it was particularly pronounced for non-single family transactions, which fell by 30-50%.

Weekly Perl: A Commercial Real Estate News Recap

By Marc Perlof • April 11, 2025
Sam’s Club in big store remodeling and expansion move Sam’s Club is ramping up its expansion along with its investments in existing stores. 
More Posts