Back of the evelope anaylsis: LA County has permitted 36,200 multifamily units since 2014 (use this tool to back up my numbers, for some reason the result link won't work
http://socds.huduser.gov/permits/). As of Q1 2016, Downtown had 11,000 residential units under construction
https://www.downtownla.com/images/reports/Q12016.pdf. This doesn’t include a few buildings that were recently completed, but were likely permitted in 2014 (e.g. 8th and Grand 700 units, 2 of the Hanover buildings) or units that are permitted but have not yet begun construction. Lets say in total those add up to 1,500 units. That means that Downtown, a place with a population of roughly 61,000, representing 0.6% of the County’s population, has permitted 12,500 multifamily units, or 33% of all County multifamily units (36,200), in the last 2.5 years. Including single-family permits, Downtown has permitted roughly 26.5% of all County units (47,000) over that same period. I find that pretty incredible.