Tuesday, March 31, 2009

Downtown Residential Report - Part III

Demographic Profile and Trends
The Nashville Downtown Partnership performed the 2008 Downtown Residential Survey in June, and the findings revealed that 48% of residents work downtown and that the #2 positive influence for continuing to live downtown is because it is Close to Work. These responses underscore the need for growth in the number of downtown residences to complement the growing office market.

- 48% are single and 32% are married
- Well over half of the residents living downtown are ages 43 and under (68%), 27% are Baby Boomers between the ages of 44-61.
- Males and females each make up half of the downtown residential population (50%)

When residents were asked what the top three elements that most positively influence their continued downtown living, the top responses were the urban experience (70%), being close to work (47%), and arts, cultural and sporting events (47%).

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