The 2028 Summer Olympics are headed to Los Angeles—and while the opening ceremonies are still a few years away, the effects on the city’s real estate market are already in motion. With billions in planned investment, infrastructure upgrades, and global attention on the city, LA’s real estate landscape is poised for a dramatic transformation.
Here are the 10 biggest ways the 2028 Olympics will impact real estate in Los Angeles, from property values and development trends to rental demand and neighborhood dynamics.
1. Rising Property Values Near Olympic Venues
Neighborhoods surrounding Olympic venues like Inglewood, Downtown LA, USC, and Santa Monica are already experiencing increased investor interest. Expect appreciation to accelerate as demand grows for both residential and commercial space near event sites.
2. A Boom in Short-Term Rentals
During the Olympics, LA will see a surge in short-term rental demand—think Airbnb, Vrbo, and corporate housing. Homeowners near key venues can command premium nightly rates, while investors are eyeing duplexes, ADUs, and flex properties for rental conversion.
3. Transit-Oriented Development Will Skyrocket
Metro’s “Twenty-eight by ’28” initiative aims to complete 28 major transit projects before the Games. Areas near new or improved transit lines; like the Crenshaw Line, Purple Line Extension, and LAX People Mover; will see increased development, walkability, and buyer demand.
4. Inglewood Becomes a Real Estate Powerhouse
With SoFi Stadium, the Intuit Dome (Clippers’ arena), and major infrastructure investment, Inglewood is rapidly transforming. Property values have already surged, but there’s still upside in mixed-use, residential, and multifamily developments.
5. Hospitality and Mixed-Use Development Will Expand
With over 10,000 athletes and hundreds of thousands of spectators expected, hotel and mixed-use construction will continue to climb—especially near UCLA (Olympic Village), DTLA, and the South Bay.
6. Commercial and Retail Real Estate Will See a Lift
Olympic-driven foot traffic means retail corridors, entertainment districts, and dining destinations will benefit—particularly in Downtown LA, Hollywood, and the Westside. Expect new ground-floor retail in mixed-use developments tied to residential and transit hubs.7. Increased Demand for Walkable, Amenity-Rich Neighborhoods.
The global spotlight will also raise expectations for urban design and livability. Buyers will prioritize walkability, green space, and proximity to public transit, fueling demand in areas like Playa Vista, Mar Vista, West Adams, and the Arts District.
8. Heightened Interest from International Buyers and Investors
Global exposure from the Olympics often leads to increased foreign investment in host cities. Luxury markets like Beverly Hills, West Hollywood, and Santa Monica may see an uptick in second-home buyers and international capital.
9. Gentrification and Displacement Pressures Will Intensify
While economic growth is a benefit, it brings risk: historically lower-income communities near Olympic zones (like Leimert Park, Hyde Park, and Boyle Heights) may face displacement as prices rise. Expect debate (and policy) around rent stabilization, affordable housing, and anti-displacement strategies.
10. Long-Term Legacy Infrastructure Will Support Value Stability
Unlike previous host cities, LA plans to leverage existing venues and permanent infrastructure. That means less waste and more sustainable value: Upgraded airports, expanded Metro lines, and modernized public spaces will benefit residents and investors long after the Games are over.
Final Takeaway
The 2028 Olympics won’t just be a two-week global spectacle—they’ll be a 10-year catalyst for real estate growth, innovation, and reinvention across Los Angeles.
Whether you're a homeowner, investor, or developer, now is the time to explore opportunities in Olympic-adjacent neighborhoods, transit corridors, and emerging markets—before the world arrives.
Want to capitalize on the momentum? Contact us for a neighborhood-by-neighborhood analysis of where the biggest upside lies between now and 2028.