Los 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
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
Positive economic headwinds have picked up force across the U.S., fueling increased optimism for 2014 and 2015. However, for the domestic legal sector, the outlook for most firms remains muted, driven by fairly stagnant conditions across most practice areas, which, when combined with fee compression, creates a slow-growth environment.
Mid-sized and large block availabilities of… Read More
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Tweet this: @JLLNews says a #rent gap of 30% and greater between the #Westside and #Downtown markets has signaled two of the last #recessions… Read More
Vice President Patrick Inglis shared his thoughts with the Los Angeles Business Journal on the value of investing in the Westside. Jamestown Properties’ purchase of the Lantana Media Entertainment Campus in Santa Monica is their first move into the market.
The Westside’s strength in attracting creative tenants is the catalyst for Lantana Campus’ estimated price, more than… Read More
Click here for more market insight on our Los Angeles research group web page: Los Angeles – Research… Read More
The Los Angeles Business Journal featured JLL LA‘s Steve Solomon and Chris Strickfaden in their article ‘Buyer Locks Up Office Building for $12.7 Million.’
Steve Solomon, Managing Director and Chris Strickfaden, Managing Director (right), were quoted:
Solomon noted that the sale reflected the growing attractiveness of the Culver City market to cost-conscious buyers as other Westside communities heat up. “They… Read More
Vice President Brian Niehaus shared his thoughts with the Los Angeles Business Journal on the growth in Wilshire Corridor submarket.
Wilshire Corridor demand is being driven by entertainment, media and technology companies seeking centrally located high-quality space that’s comparatively affordable. The market is also increasingly perceived by tenants as part of the “Westside” further… Read More