The Business Journal’s annual snapshot of L.A.’s key economic data provides a broad overview during these uncertain times, from demographic details and population statistics to land values and income information.
In a previously unimaginable turn of events, the Los Angeles economy has tumbled from record highs to pandemic-driven lows in less than a year.
Even in the darkest of days, however, the city’s business community is showing signs of resilience. Retailers and restaurants are adapting to lockdowns and reopenings and reclosings with curbside service, expanded takeout and plenty of innovation.
Elsewhere, development continues to move forward, including at the long-awaited SoFi Stadium in Inglewood, on massive infrastructure improvements for Metro and Los Angeles International, and with residential and office projects from Culver City to DTLA.
The Business Journal’s annual snapshot of L.A.’s key economic data provides a broad overview during these unpredictable times, from demographic details and population statistics to land values and income information.
Los Angeles County Population Data
Los Angeles Demographics Data
Housing and Real Estate Data
South El Monte was Los Angeles’ fastest growing city in 2019 with a 2% increase. San Fernando ranked second with a 1.9% gain.
Spotlight on Hollywood
Hollywood has long drawn people to its promise of fame and fortune, and that lure proved strong in 2019. The area was home to huge real estate deals, including the $325 million sale of the Hollywood & Highland Center. The market also saw its star rise as a prime place for dreamers to lay their heads as developers raced to build luxury high-rises. In addition, Hollywood renewed its claim on the film industry, with streaming giant Netflix expanding its footprint there. While the Covid-19 pandemic has taken its toll on the nightlife, tourism and hospitality industries, Hollywood’s star figures to shine again as the economy reopens.
Compensation and Employment Data
For the full L.A. by the Numbers Special Report data, see the July 13, 2020, print edition.