Los Angeles' transit-oriented construction pipeline has grown significantly. According to a new report from JLL, because of substantial TOC development activity, the majority of future multifamily housing in Los Angeles will be within walking distance of a transit line. Recent legislation and local government incentives have helped to fuel more transit-oriented development and will help to bring significant new housing supply to the market.

“Measure JJJ was approved in the fall of 2016 and a year later the city launched the Transit Oriented Communities program in 2017,” Chris Benton, SVP at JLL, tells GlobeSt.com. “To qualify for the program, projects must be within a half mile of a major public transit stop and have some level of affordable units. The proximity to transit and the allocation of affordable units determine which tier the project qualifies for. Benefits include increased density and FAR and reductions in parking, open space and lot width requirements. The increases and reductions can make or break a development deal.”

The city's expansion of public transit lines has also made TOC development more attractive for developers. “Once the Crenshaw/LAX (2019), Purple Line (2023, 2025 and 2026) and the Twenty-Eight by '28 projects are completed, the vast majority of employment hubs will be within walking distance of a metro stop,” says Benton. “Employers will continue to office along the metro lines, multifamily projects will continue to develop along the metro line and public transit will become that much more prevalent.”