888 at Grand Hope Park
A Guide to the Residential Market in Downtown Los Angeles DowntownLA.com/DTLAResidential
RESIDENTIAL ABOUT THE DCBID Founded in 1998, the Downtown Center Business Improvement District (DCBID) has been a catalyst in the transformation of Downtown Los Angeles (DTLA) into a vibrant 24/7 destination. A coalition of more than 2,000 property owners in the Downtown Center, the DCBID members are united in their commitment to enhance the quality of life in Downtown LA. The mission of the Economic Development team is to improve and revitalize the District and bring investment and new businesses to the area. We provide services to current and prospective residents, workers, and businesses, including: • Development Consulting • Research and Information Requests • Events and Marketing • Virtual and In-Person Tours • Customized Tours and Reports Whether you need information on development, opening a business location, or you just want to learn more about Downtown’s market sectors and dynamics, we are the portal for information about the District and DTLA. To learn more, visit www.DowntownLA.com.
DEFINITION OF DOWNTOWN LA
The DCBID defines Downtown Los Angeles as the area bounded by the 110, 101 and 10 freeways and the LA River, plus Chinatown, City West, and Exposition Park. Because these do not precisely align with census tracts, some of the data in this report includes areas just outside these boundaries.
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Downtown Center Business Improvement District
RESIDENTIAL TABLE OF CONTENTS EXECUTIVE SUMMARY ........................................ 4 DTLA BY THE NUMBERS ...................................... 5 RESIDENTIAL MAP ............................................... 6 CURRENT RESIDENTIAL MARKET ........................ 8 FUTURE OF THE RESIDENTIAL MARKET ........... 10 DTLA RESIDENTIAL EVOLUTION ....................... 12
Phase I: Adapting & Reusing ........................... 13
9
Phase II: From the Ground Up ........................ 14 Phase III: Reach for the Sky ............................ 15 Condos ............................................................ 16 Affordable Housing ....................................... 17 NEIGHBORHOODS ............................................. 18
Financial District ............................................. 20 South Park ....................................................... 21
15
Historic Downtown ......................................... 22 Arts District ..................................................... 23 Chinatown ....................................................... 24 Fashion District ............................................... 25 Bunker Hill ....................................................... 26 Little Tokyo ...................................................... 27 PROFILE OF DTLA RESIDENTS ........................... 28
20 Downtown Center Business Improvement District
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RESIDENTIAL EXECUTIVE SUMMARY
S
ince the beginning of its renaissance in 1999, Downtown Los Angeles has been one of the fastest growing residential markets in the country and has established itself as a premiere urban destination. This report provides a comprehensive examination of the current residential market in DTLA and a detailed assessment of opportunities for its ongoing development.
A defining aspect of the DTLA market is its collection of distinct neighborhoods, each with their own character and mix of attributes and amenities. Understanding the unique qualities of these neighborhoods and their appeal to various segments of the market is critical to assessing the development potential of each. And while the DTLA 2040 plan supports overall growth, it also attempts to reinforce this diversity of neighborhoods.
The Downtown LA market comprises a total of 47,000 residential units, of which 31,000 are market rate rentals, over 7,000 are condos, and 7,500 are affordable housing. Almost all the market rate rentals and condos have been produced since 1999. Despite such rapid growth, demand has never slackened, with occupancy rates for mature properties staying consistently at or above 90%.
No evaluation of the Downtown residential market would be complete without an examination of the residential population itself. DTLA’s demographics provide a vivid portrait of those who gravitate to living in this kind of dynamic urban environment. In this respect, Downtowners are younger than the broader LA region, with the share of residents 18-34 being 41% higher, and highly educated, with 63% of them having post-secondary schooling.
Looking to the future, the recently approved update to the Downtown Community Plan (aka: DTLA 2040) supports even greater residential expansion, accommodating up to 100,000 additional housing units, which would increase the population to almost 250,000. DTLA’s residential stock falls into three basic categories, built during successive and increasingly ambitious waves of development. Over the first 8 years of Downtown’s Renaissance, 87% of new inventory came from adaptive reuse of older commercial buildings. This was followed by a period dominated by new construction of mid-rise properties up to 8 stories. More recently, the focus has been on high-rise projects of 30+ stories. 4
Downtown Center Business Improvement District
Like all residential markets, Downtown Los Angeles is a complex combination of people and places, past and present, community and culture. In DTLA, that mix encompasses a wide range of building types, neighborhoods, and demographics, alongside the largest concentration of jobs and office space in the Southern California region, one of the most prominent collections of cultural institutions in the nation, worldclass sports and entertainment venues, and a critically acclaimed dining and nightlife scene. That unique amalgam of assets and advantages makes it a very appealing place to live and thus a highly attractive place to develop.
RESIDENTIAL DTLA BY THE NUMBERS MARKET OVERVIEW
47,000
38,000
RESIDENTIAL UNITS
24%
EXISTING INVENTORY
ADAPTIVE REUSE
MARKET RATE RENTALS & CONDOS
27,000
UNITS IN THE PIPELINE
43%
33%
MID RISE
HIGH RISE
DTLA RESIDENTS
88,000
37% RESIDENTIAL GROWTH FROM 2010 TO 2022
62% OF RESIDENTS BETWEEN THE AGES OF 25 TO 49
CURRENT RESIDENTS
$85K AVERAGE HOUSEHOLD INCOME 44% WALK/BIKE/TRANSIT OR WORK FROM HOME FUTURE RESIDENTIAL CAPACITY
DTLA 2040 COMMUNITY PLAN:
100,000+ RESIDENTIAL UNITS 175,000+ NEW RESIDENTS
82%
INCREASE IN BY-RIGHT RESIDENTIAL ZONING
Sources: CoStar, DCBID, US Census Bureau, Los Angeles City Planning
Downtown Center Business Improvement District
5
ResidentialRESIDENTIAL Development n Existing n Under Construction/Renovation n Proposed As of 9/30/2023
6
Downtown Center Business Improvement District
Downtown Center Business Improvement District
7
RESIDENTIAL CURRENT RESIDENTIAL MARKET As one of the fastest growing residential markets in the country, the supply of new inventory has reliably been met with increasing demand. As was the case in most markets, the recent COVID-19 pandemic saw a short-lived drop in occupancy rates that have since rebounded strongly and are now consistently at or over 90%, even as more new inventory is delivered.
INVENTORY Current Inventory
Residential Units
Under Construction
Total When Complete
Proposed
Market Rate Rental
31,567
2,876
34,443
16,734
Condos
7,367
504
7,871
2,576
Affordable
7,766
967
8,733
2,823
Total
46,700
4,347
51,047
22,133
Projected Population*
79,857
7,433
87,290
*1.8 residents per unit X 95% occupancy
Source: CoStar (Existing), DCBID (Pipeline)
NOTE: Inventory differs from DCBID Market Report due to the exclusion of City West, which is not part of the DTLA 2040 Community Plan.
QUARTERLY STAT TRACKING
Residential
The residential market has rebounded strongly, with current rents and occupancy levels remaining at or above pre-pandemic levels. Asking Rent Per Unit Occupancy $3,000
100%
Residential
$2,900
95% 100%
$2,800 $3,000
90% 95%
$2,800 $2,6 00 $2,700 $2,500
85% 90%
$2,6 00 $2,400 $2,500 $2,300 $2,400 $2,200 $2,300 $2,100 $2,200 $2,000 $2,100 $2,000
85% 80% 80% 75%
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
2020 2020 2020 2020 2021 2021 2021 2021 2022 2022 2022 2022 2023 2023 2023 2019 2021 Q4 19 Q1 20 Q22020 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22 2022 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Asking Rent Per Unit
8
Occupancy Occupancy Occupancy
Asking Per Unit Rent Rent Rent
$2,900 $2,700
Downtown Center Business Improvement District
Occupancy
75% 70% 70%
Source: CoStar
RESIDENTIAL FEATURED PROJECTS OPENED IN 2023
AVA ARTS DISTRICT
BEAUDRY
FIGUEROA EIGHT
Developer: AvalonBay
Developer: Brookfield
Developer: Mitsui Fudosan
Now open across from ROW DTLA, AVA Arts District features 475 apartments over 61,000 SF of retail space.
Part of a mixed-use complex at FIGat7th, Beaudry is a 64-story residential tower with 785 units and is the first residential project in DTLA from Brookfield Properties.
Figueroa Eight is a 41-story residential tower with 438 units that was developed by ownership from Japan who has held the property since the 1980s.
UNDER CONSTRUCTION
ALLOY
OLYMPIC & HILL
WEINGART TOWER 1A
Developer: Carmel Partners
Developer: Onni Group
Alloy is the first high-rise development in the Arts District and will feature 475 apartments and over 100K SF of office space.
At over 760 feet, Onni Group’s Olympic & Hill will be the city’s tallest residential highrise, featuring 700 apartments and 15K SF of retail space.
Developer: Weingart Center Foundation At 19 stories and 278 units, the Weingart Tower 1A will be one of the largest permanent supportive housing projects in DTLA.
Downtown Center Business Improvement District
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RESIDENTIAL FUTURE OF THE RESIDENTIAL MARKET DTLA 2040 The new Downtown Community Plan that was adopted in 2023 provides a blueprint for the next phase of residential growth. It not only increases Downtown’s overall capacity for new residential development, it includes several key provisions that will encourage increased density by providing incentives and eliminating requirements.
KEY FEATURES OF NEW COMMUNITY PLAN •
Increase the portion of Downtown where housing can be built by-right from 33% to 60%
•
Updated zoning and land use designations are more tailored to current uses
•
3-level Community Benefits Program provides density bonuses for including affordable housing, open space/community facilities, and contributing to a community benefits fund
•
Elimination of parking requirements, allowing developer to assess their needs
•
Expansion of adaptive reuse to include any building that is more than 25 years old
EXPANSION OF BY-RIGHT RESIDENTIAL DEVELOPMENT
New
Previous
Source: LA City Planning
GROWTH PROJECTIONS 1999 1999
SCAG* +125,000 residents
2023 2023
+70,000 housing units
SCAR SCAG
DTLA 2040
DTLA DTLA2040 2040
+175,000 residents +100,000 housing units
0
50,000
100,000
150,000
Housing Units
200,000
250,000
300,000
Population *Southern California Association of Governments
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Downtown Center Business Improvement District
RESIDENTIAL In addition to re-defining the future growth potential of DTLA’s residential community, DTLA 2040 also includes updated land use designations to align the zoning code with Downtown’s contemporary uses. Where the region was previously divided mostly into commercial and industrial zones, the new map includes seven different designations, each broadly corresponding to Downtown’s neighborhoods.
NEW LAND USES
INCREASED FLOOR AREA RATIO (FAR) PREVIOUS
n Transit Core
NEW
BASE
BASE
BONUS
BONUS
n Traditional Core n Community Center n Hybrid Industrial n Markets n Village n Open Space n Public Facilities n Public Facilities - Freeways n Medium Neighborhood Residential n Production
MAX FAR: n 1.5 n 2
n 3 n 4.5 n 6
n 6.5 n 8 n 8.5
n 9 n 10 n 13 Source: LA City Planning
Downtown Center Business Improvement District
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RESIDENTIAL DTLA RESIDENTIAL EVOLUTION
ADAPTING & REUSING (1999-2008): 5,463 new units delivered
PHASE II
87% adaptive reuse
FROM THE GROUND UP (2009-2017):
PHASE III
PHASE I
From 1999 to 2008, the Downtown LA Renaissance was led by adaptive reuse of historic office buildings comprising almost 90% of new residential inventory. After a pause following the 2008 financial crisis, residential development shifted to new construction of mid-rise apartments up to 8 stories. Finally, from 2018 to today, development has again shifted to high-rise projects of 30+ stories. Unsurprisingly, given the larger scope of these projects, the overall number of new units delivered has grown substantially – only pausing in response to global events.
REACH FOR THE SKY (2018-present):
6,922 new units delivered 77% mid-rise new construction
8,176 new units delivered 73% high-rise construction
NEW RESIDENTIAL DELIVERIES BY YEAR PHASE I
PHASE II
PHASE III
3,500 3,000 2,500 2,000 1,500 1,000 500
’00 2001 ’01 2002 ’02 2003 ’03 2004 ’04 2005 ’05 2006 ’06 2007 ’07 2008 ’08 2009 ’09 2010 ’10 2011 ’11 2012 ’12 2013 ’13 2014 ’14 2015 ’15 2016 ’16 2017 ’17 2018 ’18 2019 ’19 2020 ’20 2021 ’21 2022 ’22 2023 ’23 2000 12
Downtown Center Business Improvement District
0 Source: CoStar
RESIDENTIAL PHASE I: ADAPTING & REUSING Passage of the Adaptive Reuse Ordinance in 1999 spurred the first wave of new residential development, consisting almost exclusively of conversions of historic office buildings, many dating back to the 1920s. The unique charm and character of these properties is their biggest draw, while on-site amenities will vary from property to property.
Barker Block
Title Guarantee Building
Old Bank District
HWH Luxury Living
Eastern Columbia Downtown Center Business Improvement District
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RESIDENTIAL PHASE II: FROM THE GROUND UP Following the financial crisis of 2008, developers returned to DTLA with increased confidence, resulting in the first wave of new residential construction, primarily in the form of mid-rise apartments of up to 8 stories, which is the limit on wood-framed construction. As of 2023, this type of product represents approximately 1/3 of the inventory of market-rate units.
AXIS
Trademark
STOA
The Aliso 14
Downtown Center Business Improvement District
Eighth & Grand
RESIDENTIAL PHASE III: REACH FOR THE SKY As confidence in the DTLA residential market continued to grow, so too did the scale of residential projects, with the bulk of new deliveries since 2018 being in high-rise properties, including three that stand over 50 stories, and six that contain over 500 units. These properties all tend to be on the higher end of the spectrum in terms of design, amenities, and rental rates.
Beaudry
Atelier
THEA
888 at Grand Hope Park
The Grand by Gehry Downtown Center Business Improvement District
15
RESIDENTIAL CONDOS Representing only about 15% of total inventory, condo units are still a significant component of the DTLA market, providing an ownership option for long-term residents. Almost 1/3 of Downtown condos were delivered from 2005 to 2008. In the aftermath of the housing market collapse, while apartment construction boomed, the next new condos were not delivered until 2017.
Metropolis
LUMA
Perla
TEN50 16
Downtown Center Business Improvement District
Elleven South
RESIDENTIAL AFFORDABLE HOUSING Downtown LA has been the leader in providing much-needed affordable housing options to help address the region’s housing crisis and homelessness. Despite representing only around 1% of the land in the LA region, roughly 10% of its affordable housing can be found in DTLA – most of it located in the Industrial District.
New Pershing Apartments
FLOR 401
SP7
Star Apartments
649 Lofts Downtown Center Business Improvement District
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RESIDENTIAL NEIGHBORHOODS Downtown is comprised of many unique neighborhoods that have grown alongside each other, while retaining their distinctive characters. Different communities with distinct features appeal to different segments of the market. This is reflected in the various types of residential projects that are developed in each neighborhood and how they integrate themselves into the fabric of the community.
Market
Condo
EXISTING Affordable
TOTAL
Pipeline
Arts District
2,280
719
341
3,340
4,431
Bunker Hill
2,907
275
1,083
4,265
1,368
Chinatown
3,903
18
1,039
4,960
3,175
Fashion District
1,419
192
0
1,611
2,465
Financial District
3,805
363
309
4,477
1,609
Historic Downtown
4,986
1,177
2,008
8,171
4,610
Industrial District
692
161
1,722
2,575
1,657
Little Tokyo
1,257
677
629
2,563
480
South Park
10,318
3,785
635
14,738
6,685
TOTAL
31,567
7,367
7,766
46,700
26,480
Sources: CoStar (Existing), DCBID (Pipeline)
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Downtown Center Business Improvement District
RESIDENTIAL
Financial District
South Park
Historic Downtown
Arts District
Chinatown
Fashion District
Bunker Hill
Little Tokyo Downtown Center Business Improvement District
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RESIDENTIAL FINANCIAL DISTRICT Dense, diverse, and dynamic, the Financial District is the heart of DTLA. Sitting at the center of the region’s Metro rail system, and possessing an unparalleled selection of restaurants, it is the epitome of convenience. Rental and condo properties have added a residential community that keeps the neighborhood buzzing through the day and into the evening.
EXISTING INVENTORY
3,805 MARKET
PIPELINE
1,609
363 CONDO
7th Street
Whole Foods
20
Downtown Center Business Improvement District
AFFORDABLE
Home to Metro’s busiest station with over 15 million annual boardings.
FIGat7th
The BLOC
309
Future Development: Angels Landing
RESIDENTIAL SOUTH PARK EXISTING EXISTING INVENTORY South Park is the premier sports and event destination of Southern California, with Crypto.com Arena, the L.A. LIVE entertainment complex, and the L.A. Convention Center attracting more than two million visitors annually. The area has also experienced massive population growth, becoming its own full-fledged residential community.
10,318 MARKET
3,785 CONDO
PIPELINE
635
AFFORDABLE
64% of all high-rise units are in South Park.
6,685
L.A. LIVE
South Park Commons
Crypto.com Arena
Future Development: 1111 Hill Downtown Center Business Improvement District
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RESIDENTIAL HISTORIC DOWNTOWN With its classic buildings adapted for office and residential use, this area boasts many of the things that originally put LA on the world stage – ornate movie palaces, showcase architecture, and the bustling Broadway corridor. It’s also where visitors can experience DTLA’s contemporary reputation as a one-of-a-kind food, arts, and shopping destination.
The Bradbury
EXISTING EXISTING INVENTORY
4,986 MARKET
PIPELINE
4,610
1,177
2,008
CONDO
AFFORDABLE
Home to over 40% of all DTLA adaptive reuse units.
Spring Arcade
Orpheum Theatre
Apple Tower Theatre 22
Downtown Center Business Improvement District
Future Development: Onni Times Square
RESIDENTIAL ARTS DISTRICT Situated on the eastside of DTLA, adjacent to the LA River and railyards, the Arts District is famously home to galleries and cultural spaces, live/work lofts, and unique restaurants and retail in converted warehouses and former factories. It’s also become a haven of innovative space for technology, media, and other creative companies. The neighborhood’s buzz can be felt day and night and has made it one of the hottest real estate markets in the country.
EXISTING EXISTING INVENTORY
2,280 MARKET
PIPELINE
4,431
719 CONDO
341
AFFORDABLE
First residential high-rise in the neighborhood is currently under construction.
Two Bit Circus
One Santa Fe
ROW DTLA
Bike Shed Moto Co
Future Development: Fourth & Central Downtown Center Business Improvement District
23
RESIDENTIAL CHINATOWN Despite substantial demographic change, this area has managed to remain a destination for authentic regional Chinese culture and cuisine. More recently, it has attracted exciting new culinary and nightlife ventures. With several new residential developments in the works, the area is poised for significant growth in the coming years.
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EXISTING EXISTING INVENTORY
3,903 MARKET
18
CONDO
PIPELINE
3,175
AFFORDABLE
One of the few residential communities that pre-dates the DTLA renaissance.
Chinatown Metro Station
LA State Historic Park
Chinatown Central Plaza
Future Development: Chinatown Station
Downtown Center Business Improvement District
1,039
RESIDENTIAL FASHION DISTRICT Once known exclusively as Downtown’s wholesale quarter, the Fashion District now counts more than 1,000 retail stores in its 100 blocks, selling everything from fabrics to flowers, and of course, fashion. Crowds come to peruse the deals at Santee Alley or take advantage of frequent “Sample Sale” events. It is home to an increasing number of residents and will be one of the fastest growing neighborhoods in DTLA.
EXISTING EXISTING INVENTORY
1,419
192
MARKET
CONDO
PIPELINE
0
AFFORDABLE
Current pipeline is 150% of existing inventory.
2,465
Santee Alley
City Market South
Santee Village
Future Development: City Market of Los Angeles Downtown Center Business Improvement District
25
RESIDENTIAL BUNKER HILL A mix of soaring skyscrapers, internationally known cultural institutions, and world-class architecture, Bunker Hill is also home to an increasing concentration of desirable residential properties. While bustling with office workers on weekdays, the success of The Broad, Disney Concert Hall, and adjacent culinary destinations has ushered in a new population, altering perceptions, and activating the area on evenings and weekends.
Grand Park
EXISTING EXISTING INVENTORY
2,907 MARKET
275 CONDO
PIPELINE
1,368
B of A Plaza
Grand Central Market
The Broad 26
Downtown Center Business Improvement District
Future Development: 333 Hope
1,083
AFFORDABLE
New Regional Connector Metro station opened in 2023 providing easy rail access for the first time.
RESIDENTIAL LITTLE TOKYO EXISTING EXISTING INVENTORY Not surprisingly, Little Tokyo boasts some of Downtown’s finest sushi and noodle restaurants while also embracing an increasingly diverse demographic. By day, the compact, pedestrian, and family-friendly district primarily serves a convenience function, while evenings draw a more youthful, energetic crowd.
1,257 MARKET
PIPELINE
480
677
629
CONDO
AFFORDABLE
Established in 1905, it is one of the oldest neighborhoods in Los Angeles.
Kyoto Garden
The Geffen Contemporary at MOCA
Japanese Village Plaza
Japanese American National Museum Downtown Center Business Improvement District
27
RESIDENTIAL PROFILE OF DTLA RESIDENTS DTLA residents are significantly younger and more ethnically diverse than either the city or region and have a slightly higher rate of postsecondary education. Although the residential population has grown by 37% overall from 2010 to 2022, that growth has been concentrated in certain census tracts – primarily in South Park, the Historic Core, and the Arts District – where new residential development has been most heavily concentrated. RESIDENTS
37%
Residential Population Growth from 2010 to 2022
DOWNTOWN
CITY
REGION
Population
77,662
3,849,306
12,997,353
Per Square Mile
11,626
8,207
2,680
Growth 2015-2022
21%
2%
1%
Growth 2010-2022
37%
5%
4%
<18
7%
21%
20%
18 to 24
10%
9%
10%
25 to 34
49%
32%
32%
35 to 49
13%
13%
13%
50 to 64
10%
13%
12%
65+
11%
15%
14%
Hispanic or Latino
29%
48%
45%
Asian and Pacific Islander
27%
14%
19%
White Alone
22%
32%
33%
Black or African American
17%
8%
6%
Two or More Races
8%
18%
19%
Native American or Other
1%
1%
1%
High school or less
36%
38%
40%
Some college or Associate
22%
25%
22%
Bachelor's degree
26%
24%
24%
Graduate or higher
15%
14%
13%
AGE
62%
Residents between the Ages of 25 and 49
63%
Residents with Postsecondary Education
RACE
EDUCATIONAL ATTAINMENT
Source: American Community Survey 5-Year Estimates (2017-2021)
28
Downtown Center Business Improvement District
RESIDENTIAL
HOUSEHOLD INCOME DOWNTOWN
CITY
REGION
< $15K
26%
4%
4%
$15K - $40K
19%
24%
22%
$40K - $75K
15%
24%
25%
$75K - $100K
9%
13%
14%
> $100K
31%
36%
34%
$85,000 Average Resident Household Income
Source: American Community Survey 5-Year Estimates (2017 – 2021)
RESIDENT WORK LOCATIONS
61% of residents work within 5 miles of DTLA.
5 mile Radius
# of Visits High
Low Source: Placer.ai
Downtown Center Business Improvement District
29
RESIDENTIAL PROFILE OF DTLA RESIDENTS DTLA is the “first choice” for Angelenos who want an active urban lifestyle. As such, Downtowners are much more likely to use alternative modes of transportation and tend to work much closer to where they live. Because the DTLA housing market is predominantly rental and its demographics skew towards young and single, it is also more transitory than the rest of the region. At the same time, it attracts a significant share of long-term residents, as demonstrated by our survey. RENT VS. OWN
38%
Combined cost of Housing + Transportation vs 50% Citywide
RENT
OWN
Share of Population
87%
13%
Median Rent/Price
$2,822/month
$678/per sq. ft.
14%
83%
DOWNTOWN
CITY
REGION
38%
50%
55%
Bikes
1%
1%
1%
Transit
13%
6%
3%
Carpool
6%
8%
9%
Walk
12%
3%
2%
Other
3%
2%
2%
Drive alone
46%
57%
63%
Work from Home
19%
24%
21%
DOWNTOWN
CITY
Avg Bike Score
79
59
Avg Transit Score
98
53
Avg Walk Score
93
69
Rent/Price Increase 2010-19 Sources: DCBID, CoStar
COST OF LIVING Percentage of Income:
Housing + Transportation Source: Center for Neighborhood Technology (2022)
44%
Walk/Bike/Transit or Work from Home
COMMUTING PATTERNS
Source: American Community Survey 5-Year Estimates (2017 – 2021)
93%
Downtown Average Walkability Score
WALK, BIKE, AND TRANSIT SCORES
Source: Walk Score (2023)
30
Downtown Center Business Improvement District
RESIDENTIAL
RESIDENTS MOST-VISITED DESTINATIONS % who visited in 2022
36% Chinatown
31% Union Station 39% FIGat7th 39% Little Tokyo 37% The BLOC
40% Grand Central Market
32% Pershing Square 32% LA LIVE
32% Fashion District 30% Flower District
Source: DCBID, DTLA 2023 Survey
Downtown Center Business Improvement District
31
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CONTACT US Nick Griffin, Executive Director (213) 416-7522 I ngriffin@downtownla.com Elan Shore, Director of Economic Development (213) 416-7518 I eshore@downtownla.com