Since the film industry’s inception, the Greater Los Angeles region has transformed into the unequivocal epicenter of film and television production. Dozens of world-renowned television and movie studios call the region home, millions of square feet are devoted to filming, and billions of dollars flow into the area annually in response to Hollywood’s gravitational pull.
LA’s film and media sphere of influence is so great that it has a profound impact on the commercial real estate make-up of the region. This report describes the impact from three distinct perspectives: the film industry’s production footprint, the state of the industry amid the COVID-19 pandemic, and emergent trends that promise to define the industry’s physical presence in Los Angeles after COVID-19.
The Weekly Take
Say Hello to Hollywood: Where Commercial Real Estate Meets Entertainment
From TV & movies to gaming & tech, the entertainment industry has a voracious appetite for physical space. Victor Coleman, CEO of Hudson Pacific Properties, one of the largest owners of studio and tech space, and CBRE’s Lew Horne, Advisory Services President, Pacific Southwest, join Spencer to take us behind the scenes.
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