What the LA Convention Center Expansion Means for Commercial Real Estate
The Los Angeles City Council has voted to keep moving forward with the Convention Center expansion, even though it won’t be finished in its entirety before the 2028 Olympics.
What You Need to Know
The City Council approved $27.7 million more for design work, raising the total project cost to over $2.2 billion.
A final decision on construction is expected this summer after the City finishes talks with AEG and Plenary Group.
The plan expands the Convention Center to over 1 million sq. ft., helping LA compete for major events.
As of right now, construction is set to start in September 2025, pause for the Olympics in mid-2028, and finish by March 2029.
How It Impacts You
More demand for nearby buildings: The bigger Convention Center is expected to bring in more events, double its income, and boost business and foot traffic downtown.
Construction and investment: This large project will bring new building and upgrade work, helping local companies and nearby developments.
Construction disruptions: Property managers should expect some impacts and work together to reduce problems for tenants, traffic, and access.
After 2029: The upgraded facility could boost property values by making LA a bigger global convention hub.
Stay Connected
The Olympics are no longer the deadline, but the project is still moving forward. We’ll keep track of decisions expected this summer.
BOMA supports economic development initiatives like this one, which play a critical role in the growth of our city and the success of our members.
As outlined in our position paper, we advocate for public-private partnerships and large-scale projects that bring jobs, increase property values, and enhance quality of life in Los Angeles.
The Convention Center expansion is a prime example of how such investments can have long-term positive impacts on both the economy and the commercial real estate sector.
Stay informed with BOMA on the Frontline for updates.
