South Bay Housing Prices Up 19%

LOS ANGELES—The Silicon Beach tech-industry movement has helped to fuel rapid growth in the South Bay and surrounding Beach Cities markets, according to Alison Banks, director of marketing for Play Vista at Brookfield Residential, the developer of the highly popular Playa Vista mixed-use community project. Play Vista made quite a few headlines this year after IMAX and Sony relocated their corporate headquarters to the Campus at Playa Vista and after Clarion Partners purchased the Latitude 34 office building for $133 million. We sat down with Banks o take a closer look at the market’s growth and to find out what is attracting these companies and tenants. Here is what she had to say:

GlobeSt.com: What is driving growth in the Silicon Beach markets?