Growth Engines – Tech & Coworking Take the Lead in New LA Leasing

For the first time, Technology and Coworking have overtaken Media & Entertainment as the top drivers of leasing volume in Los Angeles. A majority of new leases across all major local office markets were attributed to these three industries so far this year, with Retail and Finance rounding out the Top 5.

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Advertising and other professional services remained key engines of occupancy growth over the past few years.

Key insights:

  • Technology employment has grown steadily since 2016, fueling high levels of leasing
  • Coworking companies have consistently secured prime office locations over the past few years, fueling their jump to the #2 spot
  • From 2015-2018, Media & Entertainment solidly outpaced other sectors as the top driver of new leases

Check out our interactive report!