Dr. Gleb Tsipursky – The Office Whisperer
Cat Johnson – Coworking Marketing Maven
Angela Howard – Culture Expert
Drew Jones – Design & Innovation
Andrea Pirrotti-Dranchak – Competitive Advantage
Jonathan Price – CRE & Flex Expert
Jeremy Fennema – Tech Innovation Alchemist
A recent JLL report has revealed that, while the entertainment industry continues to be the city’s biggest player in office leasing, coworking operators are on the come up thanks to appealing to such creative markets.
The first quarter of 2019 saw the city’s vacancy at 14.4% as office leasing activity caused rents to spike in Hollywood, Culver City, and Westside.
The study also found that WeWork’s office leasing activity has made big waves in Los Angeles’ most prominent neighborhoods in the first quarter of this year, signing five leases totaling 319,000 square feet of space.
With many major companies such as Apple and Disney launching new digital streaming services, some analysts believe the companies will start seeking out more creative solutions to traditional offices.
“Generally, there are going after ground-up construction or creative developments. They’re even thinking outside of the box like we saw with Google’s lease at the Westside Pavilion,” said Devon Perry, a senior research analyst for the office sector at JLL.
