Inglewood’s Multibillion-Dollar Makeover: Stadiums Spark Multifamily Market Boom

By: Eye On Inglewood Staff Writer

www.eyeoninglewood.com

In the early 2010s, Inglewood, California, faced deep economic challenges. In the wake of the 2008 Great Recession, unemployment climbed to 17% and 22% of residents lived below the poverty line, per the 2010 U.S. Census, while average asking rents ran about 17% below the broader Los Angeles metro. To address this, the newly elected mayor championed entertainment-focused investment, beginning with an $18 million renovation of The Forum (now the Kia Forum). That initiative helped kick off a wave of redevelopment—anchored by projects like SoFi Stadium and the Intuit Dome—that has since reshaped the city and its multifamily market.