CoreCast
Posts
Early Access to CoreCast Beta + Market Insights Amidst LA Unrest

Early Access to CoreCast Beta + Market Insights Amidst LA Unrest

Keeping you up to date on the latest action, and how that may impact your real estate investments.

Spencer Vickers
June 10, 2025

Be Among the First to Shape CoreCast

We're thrilled to invite you to join the CoreCast early-access program, offering you an exclusive opportunity to influence our product's future.

Alpha Program Benefits:

Influence Product Development: Your feedback will directly shape CoreCast's roadmap.
Early Access Pricing: Secure access until September 1, 2025, for just $50/user.
Locked-In Discount: Enjoy a rate of $50/user/month for 12 months thereafter—significantly lower than our anticipated final pricing of $105/user/month.

This is the most advantageous pricing we'll offer. Don't miss this chance to be a pivotal part of CoreCast's evolution.

We are currently releasing new features every couple of weeks to our early adopters and look forward to your feedback as an early user to help us determine what should come next.

What’s Inside Right Now

Property Tile

The alpha version includes the first features of our multifamily acquisitions forecasting and pipeline tracking tools. Whether you are managing 3 deals or 30, this gives you a streamlined way to:

Forecast multifamily acquisitions (core risk profile)
Track your pipeline across stages without messy spreadsheets
Spot bottlenecks, improve underwriting, and make faster decisions

We have focused on solving your actual workflow pain points—and this is just the beginning.

What’s Coming Next

This alpha launch is more than early access – it’s a front-row seat to the build. Over the next few months, here is our roadmap:

Underwriting – All major CRE asset classes and risk profiles
Historicals – Import your financials and rent rolls via direct integrations with your property management system or by uploading files for CoreCast to read/write directly into your underwriting.
Custom Capital Stacks – Build and flex equity waterfalls tailored to your deals.
Portfolio Rollup – See property-level data at the portfolio level, instantly.
Stakeholder Reporting – Generate personally branded, shareable reports for investors, lenders, and team members.
Comp Analysis – Benchmark against market comps to stay sharp.
Machine Learning – CoreCast learns from your usage, getting smarter and more useful over time.
...and so much more.

But you tell us! Reach out to let us know what is most important to your CRE Investment workflow. We’re excited to build this for you.

Market Update: Los Angeles Unrest and Real Estate Implications

The recent deployment of over 4,000 National Guard troops and 700 Marines to Los Angeles, in response to escalating protests against federal immigration raids, has raised concerns about the city's stability and its real estate market.

These events follow a series of ICE operations that have led to widespread demonstrations, some of which have turned violent. The unrest has prompted discussions about the potential impact on property values and investor confidence in the region.

While it's too early to determine the long-term effects, the situation underscores the importance of staying informed about socio-political developments and their potential economic repercussions.

Market Update – Los Angeles (Q1 2025)

1. Vacancy / Availability Rates

Office: The Greater Los Angeles office market experienced a slight decrease in vacancy, ending Q1 2025 at 24.2%, down from 24.5% in the previous quarter. This marks the first meaningful decline since the pandemic, indicating potential stabilization in the sector.
Industrial: Industrial vacancy rates saw a modest decline to 5.5% in Q1 2025, compared to 5.69% in Q4 2024. Despite this quarterly improvement, the rate reflects a 17.18% increase year-over-year from 4.71% in Q1 2024, suggesting ongoing adjustments in the market.
Retail: Retail vacancy rates rose for the fifth consecutive quarter, reaching 6.54% in Q1 2025. This increase is attributed to a wave of big-box store closures, which have impacted the overall availability in the market.
Multifamily: The multifamily sector maintained a strong occupancy rate of 95.4% in Q1 2025, reflecting a 0.1% increase from the previous quarter. This stability indicates sustained demand in the rental housing market.

2. Net Absorption

Office: The office market recorded negative net absorption of 1,084,423 square feet in Q1 2025, indicating continued challenges in tenant demand.
Industrial: The industrial sector experienced positive net absorption of 2.8 million square feet in Q1 2025, marking a significant turnaround after nine consecutive quarters of decline.
Retail: Retail spaces saw negative net absorption of 507,000 square feet in Q1 2025, a reversal from the 99,000 square feet absorbed in the previous quarter.
Multifamily: The multifamily market absorbed 4,175 units in Q1 2025, contributing to an annual absorption of approximately 10,752 units. This strong demand is particularly notable in areas affected by recent wildfires, which have displaced many residents.

3. Asking Rents

Office: Average asking rents remained stable at $3.52 per square foot on a full-service basis in Q1 2025, showing minimal change from the previous quarter.
Industrial: Industrial asking rents averaged $1.38 per square foot monthly in Q1 2025, representing an 8.6% decrease year-over-year. This decline reflects adjustments in the market amid shifting demand dynamics.
Retail: Retail asking rents declined to $2.41 per square foot in Q1 2025, continuing a downward trend influenced by increased vacancy rates and changing consumer behaviors.
Multifamily: Average multifamily rents stood at $2,822 per unit per month in Q1 2025, reflecting a slight increase of 0.1% from the previous quarter. The steady rent growth is supported by strong renter demand and limited new supply.

Overall Outlook

Los Angeles's commercial real estate market in Q1 2025 exhibits a mixed landscape. While the industrial and multifamily sectors show signs of resilience and recovery, the office and retail markets continue to face challenges amid evolving work patterns and consumer behaviors. The recent wildfires and civil unrest have further impacted the multifamily sector, increasing demand for rental housing and influencing market dynamics. Stakeholders should remain vigilant and adaptive to navigate the complexities of the current environment.

Next Market?

Vote on which market you want to hear about next

We are building CoreCast to be your operating system for real estate underwriting, asset management, and stakeholder communication. The foundation is going in now — thanks for being here early to help us build it right.

We appreciate your patience and support as we bring CoreCast to life. Exciting things ahead.

Know other investors who could benefit from CoreCast? Share this update with them! Anyone who pre-orders CoreCast will be added to these exclusive updates.

— The CoreCast Team