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Hollywood, Most Active Market for Office Preleasing

According to office preleasing numbers in a new JLL report, Hollywood’s new office developments are in higher demand that the Westside.

Hayley Blockley Hayley Blockley is a managing director at JLL.

Hollywood is leading office pre-leasing activity on new developments. According to a new report from JLL, the Hollywood market has leased nearly all of its new office space, with ICON and CUE 100% leased and Vine Street Tower 56% leased. The Westside, on the other hand, has pre-leased much less of its new office space, although the office developments in the market are slightly larger. We sat down with Hayley Blockley, managing director at JLL, for an exclusive interview about the Hollywood leasing market and how it is stacks up against the competition.

GlobeSt.com: What does the preleasing activity in Hollywood say about office demand in L.A.? Are you seeing demand shift from Westside markets?

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Kelsi Maree Borland

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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