It WORKS!
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Investment in DTLA

LA’s renaissance is driven by record-setting public and private investments in real estate, infrastructure and connectivity — the result of visionary city planning, thoughtful legislation and relentless dedication to renewal.
 

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LA is having the largest development boom since the 1920s.

$30.5 billion total investment in DTLA from 1999 to 2018.

NBA Basketball Court
Disney Concert Hall at Night with Projections

1999 was the catalyst. That was when the City Council passed the Adaptive Reuse Ordinance, a key directive that paved the way to convert underutilized office space into housing. As the cityscape changed, incoming residents needed places to shop, dine and play, and a mass of new businesses opened to meet the demand.
 
Also in 1999 the STAPLES Center consolidated the NBA’s LA Clippers and Lakers, and the NHL’s LA Kings into one central complex, which soon became the city’s premiere entertainment venue.

The Walt Disney Concert Hall opened in 2003. Frank Gehry’s iconic building created a domino effect in the neighborhood, and one-by-one other celebrated architectural achievements came on line with places like The Broad.

1.3 million

annual visitors to The Music Center

900k

annual visitors to The Broad

After two decades, these accomplishments are the result of a growth mentality, neighborhood organization and advocacy for regeneration that has opened the door to progress.

Art Exhibit at MOCA
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The region’s largest office real estate market

37M SF Class A office space + 5.4M SF proposed or under development

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25% projected increase in DTLA residential population by 2025

48,344 existing residential units + 36,295 proposed and under construction

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20% growth in DTLA hotel inventory is under way

80% hotel occupancy rate in DTLA — compared to 66% nationwide

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DTLA is emerging as the most-desired destination for tech companies and talent.

Some of the nation’s leading innovation and media companies have relocated to DTLA, in fields that include media, music, gaming, social media, VR, AR, AI, and IoT; and a growing number of tech incubators supports the industry.

This migration is fueled by a $120 billion investment in LA Public Transit.

New Moves to DTLA

Logo for 'AEG'
Logo for 'City National Bank'
Logo for 'Evite'
Logo for 'gmv syncromatics'
Logo for 'Hyperloop'
Logo for 'NationBuilder'
Logo for 'Spotify'
Logo for 'TubeScience'
Logo for 'Two Bit Circus'
Logo for 'Warner'
Logo for 'wework'
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79% of workers

say DTLA is a desirable location for their industry

population
500K+ average weekday population

— a majority of whom are working or visiting near The Grand

payment
High-earners with spending power

DTLA’s share of LA sales tax receipts increased 21% from 2007 to 2019

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Centrally-located and accessible, DTLA attracts people who are young, highly-educated and entrepreneurial in spirit.

key
800K residential population

– with a 25% projected population increase by 2025

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54% of residents

have moved to DTLA in the past five years

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80% of residents

say they are passionate
 about DTLA

increase
$123K

DTLA residents’ median income

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38 years old

DTLA residents’ median age

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81% of residents

have completed a 4-year degree or higher