Tag Archives: Henry Gjestrum

Los Angeles coworking locations concentrated in high-rent submarkets

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Los Angeles coworking inventoryLos Angeles ranks third in the U.S. in terms of total inventory occupied by coworking companies. Most LA coworking companies are concentrated in tech-dense and venture-capital rich Westside submarkets, which command the highest rents. Shared workspace operators in LA have also been drawn to Downtown’s urban vibe… Read More

Foreign ownership concentrated on the Westside and Downtown Los Angeles

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Foreign ownership in westside and downtown los angeles'

Over the last five years, foreign buyers have acquired over $9.7 billion of office product in Los Angeles. The Westside and Downtown CBD markets have been primary recipients of international capital. Higher rents on the… Read More

Maturing commercial real estate debt will reach new peak in 2017

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Approximately $298 billion worth of commercial real estate loans are scheduled to mature in 2017, up from $263 billion in 2016.

cow_los-angeles2nov2016

CMBS totals are expected to reach $126 billion in 2017, up significantly as 10-year loans issued in 2006 and 2007 are coming due. CMBS delinquency rates have increased to 5.03 percent.

The… Read More

The rise of creative conversions in Los Angeles

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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.

Chart of the Week. Creative conversions in Los Angeles.

Chart

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Los Angeles home ownership declining

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Los Angeles home ownership declining

The Los Angeles metropolitan area has one of the lowest home ownership rates in California at 46.5 percent and well below the 62.9 percent U.S. national average.

Rising home prices and the Millennial generation’s preference to rent are some of… Read More

The Los Angeles metro area represents the largest economy on the west coast

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Not only does the Los Angeles metro have one of the largest population on the west coast, the region generated $866.7 billion in economic output (Gross Metro Product) placing Los Angeles at the top of the leading west coast markets. COW_LA_22Aug2016

The metro maintains a highly diversified economy supported by high-growth sectors… Read More

Los Angeles unemployment rate lowest in 10 years

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PowerPoint Presentation

Los Angeles unemployment reached 4.3 percent in May, the lowest level in 10 years, signaling full employment. The region’s economic recovery typically lags the state and the nation, but now boasts the lowest unemployment rate.

How much further can the LA economy grow? The Los Angeles Economic Development Corporation (LAEDC) expects the… Read More

Tenant migration is helping to chip away at Downtown CBD vacancy

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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 will lessen the… Read More

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

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LA_OfficeInsight_Q12016

Click image to download report

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 two properties, previously… 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. The expansion and… Read More