Downtown SD Population Grows 10%

Downtown San Diego has the biggest population growth in the greater San Diego market. According to research from JLL, the Downtown population has grown 10% since 2010 with a total of nearly 200,000 residents, while the population in Greater San Diego market has grown 7.9% during the same time. The same research shows that South County has the largest population in the market with nearly 800,000 residents. The South County has also seen significant population growth at a pace of 8.2% since 2010. To find out more about the drivers behind this significant population growth and how it is impacting the real estate market, we sat down with Tony Russell, managing director at JLL, for an exclusive interview.

GlobeSt.com: What is driving the population growth in the Downtown San Diego market?

Tony Russell: In Downtown San Diego, there is so much residential development going on, both for-sale and for-rent product. You are seeing a lot of millennials and generation-X demographics moving into that market. In most major cities, people want to live in a walkable area, and Downtown San Diego offers that lifestyle. Half of the population in Downtown San Diego in millennials and generation-X, and it is driving more of that age group to move into that market.