Though commercial real estate professionals in Los Angeles have shouted from the rooftops that commercial sales and development were hit hard by Measure ULA, a new report from UCLA paints a clear picture of the impact.
The report, published last week by UCLA’s Lewis Center for Regional Policy Studies and written by UCLA’s Michael Manville and Mott Smith of the USC Sol Price School of Public Policy, found that commercial transactions in Los Angeles ZIP codes have dropped between 30% and 50% in the two years since Measure ULA went into effect. 
The report also suggests a set of amendments to ULA, including a change that…