For our third annual Summer Internship program, we’re fortunate to welcome 19 talented, high-performing interns to JLL in SoCal. These students have been very busy, immersed in real-time real estate projects, and preparing for their final presentations. We’re happy to introduce you to each of them… one at a time.Meet Rachel Wohl
Downtown Los Angeles is currently building 7,000 new residential units to keep up with demand for living in Downtown. With the increase in population, retail is also seeing an increase with several mixed-use… Read More
What does a former aircraft hangar, automotive plant and produce distribution facility have in common? They are all being re-invented as creative office and leased to high-profile tenants.
Hayley English Blockley is a Senior Vice President based in JLL’s Downtown Los Angeles office. Her focus is agency leasing and she dabbles in tenant representation. Her expertise is in creative, media and entertainment-related real estate. Along with her team, she represents two private studio lots, adaptive-reuse creative office buildings, historic and new office construction from Playa Vista to Warner Center. Her team recently completed leasing The Reserve in Playa Vista (where… Read More
Full-floor availability continues to decline as tenants both expand and migrate into Los Angeles’ largest cluster of trophy assets outside of the CBD.
Shrinking availability has led to improved fundamentals; vacancy has declined 50 basis points year over year, and rental rates have increased by 6.2 percent.
For more information contact Devon Parry
Visit the JLL Los Angeles Research webpage for additional market insight.Source: JLL Research
Downtown vacancy has decreased to 16.6 percent from 19.1 percent since 2013, driven by robust tenant migration, countervailing light demand from existing legal and financial services tenants, which continue to seek efficiency and have been cautious to take on additional space.
Downtown’s expanding residential, retail and entertainment base has helped attract companies from outside the CBD, including creative tenants.
Tenant migration will drive Downtown’s evolution by broadening the tenant base across sectors and… Read More
Creative redevelopments outperform traditional Class A office in El Segundo and command an 18% rental premium. Creative El Segundo space is 35% less than similar products in Playa Vista and 54% less than Santa Monica.
Tenants such as JustFab, DaVita, Sanrio, Kite Pharma, Bandai Games, Nativo and L’Oreal… Read More
Downtown LA has long enjoyed a decent concentration of law firms, but interest is growing dramatically—simultaneous with the submarket’s vibrant full-time population boom.
So far in this video series, we’ve learned what’s essential to thriving in DTLA (aka, one of the most interesting office markets in the region), and how the area represents an opportunity to do “more with less.” In the final installment of the series, Jordan Gaffney explains the unique… Read More
Large consolidation paves way for higher rents
Douglas Emmett, along with QIA (Qatar Investment Authority), an 80 percent partner, purchased the four-building EOP/Blackstone-Westwood portfolio. The estimated purchase price was $1.3 billion with a 3.7 percent cap rate. The buyer, Douglas Emmett, already owned… Read More
The media and entertainment sectors accounted for over a third of all leasing activity during the first quarter. Large entertainment transactions included distributor and producer Netflix signing a 123,300 s.f. lease in Hollywood while talent agency International Creative Management (ICM) leased 108,300 s.f. in Century City.
On-location filming in Greater Los Angeles increased 1.3 percent in 2015 to 37,289 shoot days.… Read More