Downtown L.A.’s Resi Development Down by 31 Points So Far This Decade

L.A.’s Downtown Construction Drops by 31 Points Compared to the Previous Decade

As cities reassess their downtown strategies in the wake of hybrid work (over fully-remote), few have seen a more dramatic decline than Los Angeles.  According to our new Downtown Construction Report, only 19.1% of new apartments built in L.A. between 2020 and 2024 were located in the downtown area — down from 50.5% in the previous decade. That’s one of the steepest declines in downtown-focused development among the 50 largest U.S. cities we ana…

Downtown L.A.’s Resi Development Down by 31 Points So Far this Decade

Downtown Los Angeles’ struggling office market often grabs headlines in the wake of the pandemic, but the city’s apartment construction sector has also seen a stark decline in recent years. About 5,790 apartments were built Downtown so far this decade, or 19.1 percent of all new apartments built in L.A. between 2020 and 2024 — a drop of 31 percentage points compared to 50.5 percent in the previous decade, according to a new report by RentCafe. T…