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California  + Los Angeles  | 

What’s Driving Growth in South Los Angeles?

Affordability has been the biggest growth driver among 20 to 29 year-olds in South Los Angeles. Over the past 16 years, the submarket has seen a rise in its young adult population, as the area now boasts one of the highest concentrations of young adults throughout the metro area.

Much of this growth can be attributed to a substantially lower cost of living, says JLL researcher Matt Kaufman. Last year, it was reported that South Los Angelinos paid an average of $13,838 a year in housing, 47% less than the restof the Los Angeles metro area. In addition, transit projects such as the Metro Expo and Silver Lines have improved the access to affordable transportation, and helped connect locals to business centers like DTLA and Santa Monica.

Kaufman points out, as this concentration of young persons heads southwest toward areas like Inglewood and Hawthorne (cities on the Metro Crenshaw Line opening in 2019), it should be expected that similar trends will spill over into parts of the South Bay as well.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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