Downtown, Playa Visa and Hollywood among top nabes for millennials: survey

TRD LOS ANGELES /
Dec.December 28, 2015 09:00 PM

Downtown Los Angeles, Playa Vista and Hollywood are the top L.A. neighborhoods for millennial home hunters, according to a new survey by brokerage JLL.

Millennials – people who reached young adulthood around the turn of the millennium – outnumber baby boomers by close to 10 percent in those markets, compared to an average of just 4 percent across other areas, the survey shows.

“The chart supports the notion that millennials want to live where they work and play, and companies are looking to tap into this generation of growing influence,” Taylor Coyne, a JLL research analyst told GlobeSt.com.

The research supports developers’ long-held predictions that young renters will gravitate towards truly mixed-use areas with office and residential components, Coyne said.

“This information, in conjunction with understanding office trends and migration patterns within Los Angeles, could indicate where we need new housing,” she said. [GlobeSt] — Katherine Clarke


Related Articles

arrow_forward_ios
A rendering of Del Rey Pointe and a map of the project site (credit: LADCP)

To reach the tech giants in Playa Vista, apartment developer wants to build a bridge

Tishman Speyer CEO Rob Speyer and renderings of Collective & Brickyard campuses (Credit: Tishman Speyer)

Tishman Speyer eyes $323M recap of Playa Vista portfolio

Northwood Investors John Kukral, Tishman Speyer CEO Rob Speyer and renderings of Brickyard & Collective campuses (Credit: Tishman Speyer)

Tishman in talks to buy Northwood’s stake in Facebook, Yahoo-leased office portfolio

Tishman Speyer selling Playa Vista office portfolio for $600M plus: sources

Facebook closes on 260K sf at the Brickyard

With tech firms in mind, Lincoln Property, Gensler plan $225M spec office in Culver City

For millennials in these cities, the rent is too damn high without parents’ help: survey

With Playa District, EQ and Industrious redefine landlord, co-working relationship

arrow_forward_ios