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Hollywood Prepping For Big Population Boom Over Next 5 Years

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Keeping up of all the development news afoot in Hollywood—the barrage of new hotels and residential buildings, not to mention the multi-use complexes like Columbia Square—hardly leaves time to look back on the changes as part of the larger picture for H'wood, but thanks to the Hollywood Business Improvement District (which handles marketing for the neighborhood) for doing that for us now. Hollywood's massive building boom will leave it a vastly different place, judging by this set of infographics about the recent past and near future.

Many of the new multi-use projects, like the block-sized on the former Oscar Outdoors site at Vine and De Longpre, are incorporating residential units with loads of office space geared toward creative and entertainment industry audiences. Hollywood already has two million square feet of office space, with 700,000 square feet under construction last year. By 2020 (when at least Columbia Square is expected to be complete), it should have an additional 1.2 million square feet added to the portfolio.

Perhaps from all these new employers moving in or expanding, Hollywood's expecting a 68.6 percent increase in population *in the central Hollywood Entertainment District and the Sunset & Vine District between 2015 and 2020. As such, they're planning to have a 69 percent increase in residential units in the same time period, hopefully matching the growth with new stock. Overall, the neighborhood is pretty young, with more than a third of residents between the ages of 18 and 29, and another 37 percent between 30 and 49.

And who can forget Hollywood's unbridled love for building new hotels? The neighborhood saw a 29 percent increase in hotel rooms from 2000 to December 2014. With "at least nine" hotels in the works right right now, they're expecting to have 4,940 rooms by 2020.


· Mapping the Out-of-Control Hotel Boom About to Hit Hollywood [Curbed LA]