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It is no surprise to hear that access to public transit has been a target characteristic for developers of multifamily product or that transit-oriented development has increased in popularity; however, new research from JLL shows that the majority of the new construction pipeline is congregated around transit lines and stations. Specifically, the new construction activity is most significant in the center of Los Angeles and Downtown Los Angeles, which has access to the largest number of transit lines, as well as along the red line north of the city center.

“The Los Angeles area is undergoing an urban renaissance and the growth of the transit system is an important part of that,” Peter Belisle, Southwest market director at JLL, tells GlobeSt.com. “In fact, L.A. Metro will spend $52 billion on transportation projects over the next decade, with $21 billion of that targeted for bus or rail improvements. To keep our city moving and growing, we need to continue investing in these types of infrastructure improvements. The good news is that developers in L.A. are now incentivized to build near transit since 64% of voters approved Measure JJJ in late 2016. The measure provides certain incentives for projects located within a half mile of a transit stop, including reduced parking requirements, more units within the project, and greater height allowances. All of these factors are promoting density and new housing development along transit.”

Kelsi Maree Borland

Kelsi Borland is a freelance writer and editor living whose work has appeared in such publications as Travel + Leisure, Angeleno and Riviera Orange County.

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