As we all know, an emerging trend in corporate real estate is that the location of talent is driving location decisions.
And young people lately are gravitating to South Los Angeles, according to this interview on GlobeSt.com with Amber Schiada at JLL.
“South Los Angeles has seen the biggest growth in the population of 20- to 29-year-olds in the city, according to research from JLL. Since 2000, the population of 20- to 29-year-olds has increased by 20% in South Los Angeles as a result of affordability,” according to the article. “The market is 47% less expensive than the rest of the L.A. metro area, and it offers access to public transit.”
Maybe they just want to become stars. But Hollywood can be brutal. Working for a corporation sounds a lot better than waiting tables.