Santa Monica is the first choice location for many large media and technology companies. With the increased growth in the technology and media industry, the high demand for nontraditional office space featuring modern architectural design has created a shortage of vacant office space in Santa Monica.
According to a recent LA Times article, direct vacancy in the Westside creative office market was 9.2%, the lowest level since the first quarter of 2009. Much of the growth is coming from established technology and digital media companies including Google, Apple, Pandora, and YouTube.
Santa Monica has become a technology hub, home to many of the world's biggest names such as Google and Yahoo. However, due to the lack of inventory, many new tech and media companies are expanding their office locations to the outskirts of Santa Monica which has helped push growth into nearby markets such as Playa Vista, Culver City, Marina del Rey, and Playa Del Rey.
Please feel free to contact me at (310) 717-1321 or JamieTian@RodeoRE.com if you are interested in finding out more info about properties in any of these areas.
I would be happy to assist you in purchasing, leasing, or selling a property in the greater Los Angeles or Orange County areas! Please allow me to provide you with a list of available properties that fit your criteria or provide a professional estimate of your property value at no cost!
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