The largest populations in loft spaces today include people with no children, singles, and students. Statistics indicate that loft residents are generally more educated and affluent than suburban residents.
Traffic congestion induced by suburban sprawl has been one of the major reasons why people decide to move to loft spaces. Studies show that many relocated suburbanites referred to their commute as “unbearable” and cited being closer to their office as a major reason for moving.
Loft living introduces a new urban population who are demanding new services that were previously only available in the suburbs, such as supermarkets, park space, above-average schooling, and community-serving facilities.
Developers in major cities, such as Los Angeles, Denver, Baltimore, Detroit, and Memphis cite the presence of sports arenas as critical in their decision on where to build new loft housing in downtown areas.
Retirees are a growing population in urban buildings. Public transportation systems and an in-loft building maintenance crew make life easier for older Americans.
Loft dwellers have easier access to, and tend to participate more in, nightlife, theaters, museums, and concerts.
Current loft residents cite cultural events and nightlife, convenience, ethnic diversity, shopping, and jobs and job opportunities as the benefits of loft living. They also cite crime, congestion, pollution, cost of living, and the pace of life as its drawbacks.