Downtown Los Angeles is home to the second largest Fashion District and the greatest concentration of government employees outside of Washington D.C. The employment base is significantly diversified with the private sector accounting for 45% of all jobs. Downtown has a substantial daytime employment base of 450,734 people and is currently evolving toward a "24-7" city. Staples Center and LA LIVE are key elements of a three-phase development that will incorporate a 1,200 room hotel, a 7,300 seat performing arts theater and 360,000 square feet of entertainment and retail space. As residential buildings develop throughout Downtown, the long sought goal of city living is now happening. There are 12,964 business establishments in the area, 28% of all employees make an average of $50,000 annually and are attracted to this fashionable residential lifestyle.

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