Report | Los Angeles Office Insight - Q1 2016
The media and entertainment sectors continue to lead the way for Los Angeles’s greater office market. The two combined to account for more than a third of all Q1 leasing activity. Netflix and International Creative Management (ICM) each signed leases of more than 100,000 square feet each.
We’re also finding that creative office properties and build-outs are now resonating across all sector, not just your traditionally creative industries.
Since adding 2.3 million square feet of creative product in 2014, El Segundo has seen consistent positive net absorption—despite an 18.8 percent rental rate premium over traditional Class A space.
Learn more about what’s happening right now in Los Angeles—and what we can expect over the next couple months—by downloading our Q1 2016 US Office Insight.
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