Two Nabes Claim Bulk of Office Development

Rick Buckley

Office development in West Los Angeles is surprisingly low. There is currently less than 4 million square feet of office product under construction that will deliver through 2021. More surprisingly, most of that development activity is concentrated in two markets: Culver City and Hollywood. Of the approximately 4 million square feet under construction, nearly 2.5 million is located in these two market. The central location and access to transit are among the reasons that developers are flocking to these Los Angeles neighborhoods, according to Rick Buckley, principal at L.A. Realty Partners.

“Especially as it relates to Culver City, there is a tremendous focus on transit-oriented projects because traffic in L.A. is becoming more difficult over time,” Buckley tells GlobeSt.com. “A lot of the office development is following the transit lines in Hollywood and Culver City. Much of development in those markets is taking place along the transit lines.”