Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The public transit system in Hollywood has been the catalyst for the submarket’s tremendous recent growth. Hollywood demographics have shifted wildly in recent years, followed by a wave of development activity and capital investment into the market, in what has become known as the Hollywood Renaissance. According to a new survey from the Hollywood Chamber of Commerce, the population in Hollywood earns an average of $104,000 annually and the largest age demographic is 35 to 49.

“It is evident from the survey that Hollywood has evolved and grown as you might expect based on the tremendous growth in both residential and commercial development,” Leron Gubler, president and CEO of the Hollywood Chamber of Commerce, tells GlobeSt.com. “Today the population’s average age is 35-49 and earns on average $104,000 per year. Further, they are well educated with 77% holding a college degree and 32% holding a graduate degree.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Kelsi Maree Borland

Kelsi Maree Borland is a freelance writer and editor living in Los Angeles whose work has appeared in such publications as Travel + Leisure, Angeleno and Los Angeles Magazine.

More from this author

GlobeSt. Apartments 2020Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.