General Plan Update - City of Inglewood

Chapter 2 Community Development
Multi-Family Rental Market
• As shown in Figure 2.3-18, according to the 2000 Census, the median monthly
contract rent (in nominal dollars) for the City of Inglewood was $613. This was
slightly lower than the median contract rent for Los Angeles County at $643.
• The median contract rent in 2006 dollars is estimated to be $751 for Inglewood,
and $788 for the County.
$900
$800
$751
$788
$700
$600
$613
$643
$500
$400
$300
Inglewood
Los Angeles
2000 2006
Figure 2.3-18 Comparative Median Contract Rent: 2000 and 2006 1
SOURCE: Stanley R. Hoffman Associates, Inc.; U.S. Bureau of the Census, 2000.
1 The 2006 Median Contract Rent was estimated by inflating the Census 2000 median contract rent using the
Consumer Price Index (CPI) from the Bureau of Labor Statistics, or a factor of 1.25
• Locational and Economic Opportunities
The following chapter presents the key locational and economic opportunities in the City
of Inglewood that could provide impetus to the economy of Inglewood. These include
opportunities arising from proximity to LAX, tourism and lodging industry, and the
redevelopment of the Hollywood Park, the Forum and the Downtown area.
Los Angeles International Airport
• The passenger volume at LAX is projected to increase from just over 60 million air
passengers (MAPs) in 2004 to 78.0 MAP in 2030. Most of the additional passenger
volume is projected to be handled by other airports in the region such as Ontario
and Palmdale.
• The air cargo volume at LAX is projected to increase from 2.0 million tons in 2003
to 2.3 million tons in 2030. Most of the growth in air cargo is expected to be
handled by other regional airports.
2.3-42
City of Inglewood General Plan Update Technical Background Report