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. The expansion and extension of the California Film & Television Tax Credit Program will help underpin future growth in the entertainment industry by incentivizing local production.

For more information contact Henry Gjestrum

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