The second quarter of 2022 was host to many exciting developments, including the return of LA Pride, which attracted 129k people to the district. We also saw a 50% increase in pedestrian activity at Hollywood and Highland plus an uptick in international travel (up 60% from last year) and hotel occupancy (up 20%, ADR up 30%, and RevPAR up 50% from last year). Office YTD leasing activity was also positive, up 65% from last year, and residential rental rates were up 11% from last year. Q2 proved to be a robust and exciting period, full of growth & prosperity across many sectors.
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