Downtown Los Angeles - 20 Percent of all New LA Housing

Downtown Los Angeles – 20 Percent of all New LA Housing

Posted September 9, 2014

In California, Commercial, development, Los Angeles, Residential, Retail

I find this a little hard to believe, but according to Curbed LA, downtown LA with 1 percent of the land area has had 20 percent of the new housing since passage of the Adaptive Reuse Ordinance in 1999.

The Adaptive Reuse Ordinance is largely responsible for the huge downtown gentrification we’ve seen over the last decade or so. Since 1999 approximately 20,000 new housing units, whether it be single family or multiunit residential, have been built downtown and only 98,000 city wide in the same time frame.

True, downtown is open to density whereas in most of the city NIMBYs will fight you to the death to build anything with some density or really, anything at all.

I’d like to see the numbers for net leased retail and office. I have a hunch that they’re are not nearly so high as downtown still needs a bunch more retail space and net leased retailers to fill it.

http://la.curbed.com/archives/2014/09/downtown_has_onefifth_of_all_recent_housing_built_in_la.php

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