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Who Exactly Is Living in DTLA?

The DCBID’s biennial survey shows that the majority of residents in Downtown Los Angeles are young, educated and have a median annual income of $99,000.

Carol Schatz Carol Schatz is the president and CEO of the DCBID.

Downtown Los Angeles is attracting educated young people with a median annual income of $99,000, according to the biennial survey from the Downtown Central Business Improvement District. The survey, which is taken every two years, shows that the median age of downtown residents is 38 and 80% of people have a bachelor’s degree or higher. The residents in the market also have a vested interest in the success of the neighborhood. For example, 66% of respondents said that they are passionate about DTLA and 62% believe that the market is moving in the right direction. We sat down with Carol Schatz, president and CEO of the DCBID to find out more about why the market is capturing this specific demographic and how the results have changed since the previous survey.

GlobeSt.com: What is attracting educated millennials to DTLA?

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Kelsi Maree Borland

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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