(To read more on the multifamily market, click here.)

LOS ANGELES-In a survey of Downtown residents and its business community that was released Feb. 20 by the Downtown Center Business Improvement District (DCBID), business establishments, total employment, taxable retail sales, office rents and new housing units are all on the rise. These escalations have been spurred, DCBID experts say, by Downtown’s burgeoning population.

“This is phenomenally good news for Downtown Los Angeles and, therefore, for the region,” Carol E. Schatz, president and CEO of the DCBID, tells GlobeSt.com. “Downtown is growing at a phenomenal pace.”

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