In the recently released JLL’s 2015 United States Technology Office Outlook, it was noted that technology firms and startups aren’t just exploring new U.S. markets, they’re starting to plant roots. Over the past year, 73 percent of the sector’s office leases represented occupancy growth. According to the report, expansion for the technology industry in 2015 is no longer just about the convenience of cheaper rents or accessing new talent pools. It’s a strategic necessity.
Los Angeles highlights include:
- Playa Vista is quickly becoming the new technology center of Los Angeles, as tenants outgrew their original home in Santa Monica and migrated south to Playa due to large blocks of available, creative product.
- Los Angeles continues to see growth and expansion from technology heavy hitters from the Bay Area.
- We continue to see a comingling of technology and entertainment.
- Recruitment and retention are now a key priority for technology companies as they battle it out for top talent.
To view the entire report, please click here.