DTLA Alliance Report Reveals Trends Shaping Downtown’s Comeback
The DTLA Alliance has released its 2025 Outlook & Insights Report, highlighting Downtown LA’s current trends and outlook.
The report covers DTLA’s progress and challenges as it handles new economic conditions.
What You Need to Know
Some key insights found in this report include:
- DTLA is key to LA’s economy, providing 21% of jobs and 29% of wages in just 1.4% of the city’s land.
- Retail and hospitality are bouncing back with 130+ new restaurants and improved hotel occupancy.
- Office vacancies stay high at 30% due to remote work, but jobs and wages are growing.
- Survey respondents expressed frustration with the slow progress in addressing crime, cleanliness, and homelessness in downtown.
- Metro ridership is increasing, and DTLA visitation rose 12% from 2023.
How It Impacts You
The DTLA 2040 plan's projected population increase of 175,000 will need more retail and office space.
Until then, this report still shows there is a high vacancy rate in DTLA. Indicating the continued need to adapt spaces to that current trend despite many employers encouraging more in-office work.
However, as retail continues to recover, new businesses and strong consumer spending in DTLA could boost leasing.
Keeping properties well-maintained and supporting local safety efforts will be key to attracting residents, tenants, and visitors to Downtown.
Stay Connected
Stay connected with BOMA on the Frontline for more updates on DTLA’s transformation. It's important to stay on top of market trends to navigate Downtown’s challenges and take advantage of its opportunities.
