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