DTLA Residential Report
Downtown LA has experienced remarkable residential growth over the twenty-five years of its renaissance as it evolved from a 9-5 business district to a 24/7 mixed-use destination. The market now boasts over 47,000 residential units, including market-rate rentals, condos, and affordable housing, with consistently high occupancy rates. The future looks even brighter with the DTLA 2040 Community Plan Update accommodating up to 100,000 additional housing units and a population that could reach 250,000.
DTLA's unique charm lies in its diverse neighborhoods, each appealing to different segments of the market. The demographics of Downtowners reveal a young, active, highly educated population, adding to the area's vibrant atmosphere. DTLA's appeal extends beyond its residential diversity, encompassing a huge job market, cultural institutions, sports and entertainment venues, and a renowned dining and nightlife scene. This new report highlights the resilience and promise of DTLA's thriving residential market – an enticing place to live, and a compelling place to develop.
Really proud of the work our team did on this report and newsletter! Special shout-outs to Elan Shore, Maria Elena H., Kevin Begovich, Bree von Faith, Suzanne Holley