Young Tech Entrepreneurs Fill Office Market
July 11, 2014

“Los Angeles’ increasingly intertwined tech, new media and entertainment companies continue to account for a significant percentage of the market’s overall leasing activity,” says Savills Studley corporate managing director Jon Azulay, who is one of the recognized “Tomorrow’s Leaders” for Southern California, in the June issue of Real Estate Forum. He notes that, as a result of this leasing activity, the city is “developing into a vibrant, entrepreneurial environment as younger companies select L.A. for their headquarters operations.”

This leasing activity is underscored by the expanding tech and entertainment companies, like Google, Beats by Dre and Riot Games, all of which have offices in the L.A. area. Azulay uses the example of Riot Games’ recently signed lease for Element LA, a 284,000-square-foot creative office campus. This was the largest lease transaction in several years. Riot Games then followed it up with an additional lease for 77,000 square feet at Kilroy’s Westside Media Center...

Young Tech Entrepreneurs Fill Office Market

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