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
Voters look set to reject California’s Prop 13

California voters set to reject easing of developer fees

California voters set to reject easing of developer fees
Economic expansion in California and Los Angeles County is slowing (Credit: iStock)

Rising home prices add to California’s slowing economic growth: report

Rising home prices add to California’s slowing economic growth: report
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

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

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 in talks to buy Northwood’s stake in Facebook, Yahoo-leased office portfolio
Tishman Speyer selling Playa Vista office portfolio for $600M plus: sources

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

Tishman Speyer selling Playa Vista office portfolio for $600M plus: sources
Facebook closes on 260K sf at the Brickyard

Facebook closes on 260K sf at the Brickyard

Facebook closes on 260K sf at the Brickyard
With tech firms in mind, Lincoln Property, Gensler plan $225M spec office in Culver City

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

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

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...