MARKET TAKEAWAYS

Large tech companies are still moving ahead with plans to grow footprint and occupy more space in the market - even amongst announcements of more workfrom-anywhere flexibility - as evidenced by recent expansions by both Netflix and Facebook.

Smaller technology companies are focused on cutting costs, including real estate costs, which has resulted in many new sublease availabilities throughout 2020.

The amount of sublease space well-suited for technology companies is going to continue to increase as companies evaluate future space needs, presenting tech tenants with an abundance of high-quality options which are already built-out.

Tech startup activity and venture capital financing is spread out all over LA but remains mostly focused in West LA which is the traditional home of Silicon Beach.

Read the full report