Category Archives: West Los Angeles

Full floors dwindle as tenants migrate to and expand within Century City

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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. COW_los-angeles-June6 2016

For more information contact Devon Parry

Visit the JLL Los Angeles Research webpage for additional market insight.

Source: JLL Research
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El Segundo establishes its position with creative tenants

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COW_LA_2May2016

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

What’s up with Los Angeles’ retail redevelopment boom?

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Multiple large shopping centers, totaling over 3.6 million square feet of retail are currently getting multi-million dollar makeovers to give updated looks to outdated malls.

COW_Los Angeles_retail_April 18 2016

 

Owners are capitalizing on the evolving behaviors of shoppers (and on LA’s weather) by focusing on the visitors’ experience and… Read More

How does Downtown’s work-live-play evolution impact law firm tenants?

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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

Creative industries account for majority of leasing demand – Los Angeles Q1 2016

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LA_OfficeInsight_Q12016

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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

Media and entertainment drive first quarter leasing activity

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COW_Los Angeles_office_April 4 2016

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

Where can LA law firms do more with less?

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Eastward expansion continues, for Los Angeles law firms that is. In the first installment of our series on law firm real estate trends, we learned what’s making downtown LA one of the most interesting office markets in the region. Now, Darren Eades, Executive Vice President in JLL’s LA office, reflects on why Westside firms are increasingly setting their sights East.

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High-tech Venture Capital Funding Dashboard Q4 2015

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As of the end of 2015, Los Angeles’ venture capital funding totaled $2.17 billion and accounted for 5.4% of the total funding in the U.S. We continue to see local funding concentrated in and around Silicon Beach, with the lion’s share of the start-ups still located in Venice Beach and Santa Monica.

The data in this quarterly high-tech venture capital funding dashboard reflects 4th quarter data compiled by PricewaterhouseCoopers and illustrates the continued… Read More

Dashboard: Los Angeles High Tech VC Funding

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LA_High-Tech_VC_dashboardHigh-tech investment volume continues to grow, totaling almost $1.2 billion year to date. Much of the funding concentration remains in the burgeoning neighborhoods of Silicon Beach. With $1.02 billion alone, Snapchat in Venice won the MVP award, totaling more than the next four zip codes combined. While Playa Vista has seen a wave… Read More

Aim Higher: JLL Presents The 2015 Digital Skyline

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Are you an investor curious about market outlooks, or a tenant approaching lease expiration? Well, I have good news. The annual Skyline Review is back.

2015 National Skyline

Each year, JLL’s research team analyzes the top North American skylines and gives investors and tenants alike a personal, up-close, look at some… Read More