Report | Los Angeles Tech Office Outlook - 2015
While Los Angeles hasn't seen the same tech growth as its neighbors in Northern California, the city's tech sector is starting to gain some traction, particularly in the social media realm. The city is starting to see market penetration from traditionally Bay Area tech companies, who are tapping into LA's creative infrastructure.
The market's relative low cost and creative infrastructure have led some large companies to invest in the market, including Internet giants Google and Yahoo.
The biggest challenge for Los Angeles' position within the tech industry appears to be a lack of available desired space paired with rising costs. As more tech companies come into the market, demand is increasing for tech-friendly creative build-outs, and they are commanding premium pricing.
Learn more about current market conditions across Los Angeles—and how we expect them to shift in the coming months—specifically as they relate to the tech industry.
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