Long Beach State of the City: Progress and Opportunities for CRE Professionals
Long Beach Mayor Rex Richardson recently delivered the 2025 State of the City Address, sharing a progress report on key milestones and future initiatives.
View the mayor’s full address and the 2025 Mid-Term Impact Report here.
What You Need to Know
Highlights from the address include:
- Homelessness reduction: The city saw its first decline in homelessness since 2017, reflecting successful initiatives.
- Public safety investments: Efforts to ensure healthier and safer communities. For example, the hiring of 100 new police officers.
- Cultural and economic development: New projects like the Long Beach Bowl aim to elevate the city’s arts and music culture.
- Emergency response efforts: The community raised $569,000 in 48 hours for wildfire relief.
- Record-breaking housing production: Two consecutive years of surpassing housing goals.
How It Impacts You
For commercial real estate professionals and property managers, the mayor's announcements signal important trends.
For example, new housing developments can boost demand for retail and office space, creating opportunities for mixed-use projects and local businesses.
Homelessness reduction and safety efforts can improve neighborhood conditions, boosting tenant satisfaction and property values.
Cultural projects like the Long Beach Bowl can attract visitors, boost the local economy, and increase foot traffic for nearby properties.
Finally ongoing economic investments can boost leasing activity and stabilize long-term investments in Long Beach.
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