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Hollywood’s population is growing substantially, and along with the growing population has come a change in demographics and an overall revitalization of the market. Entertainment company expansion have been an integral part of this growth, according to a recent survey from the Hollywood Chamber of Commerce. Both large lease deals as well as smaller media companies and young entrepreneurs have created a dynamic office market that has helped to fuel growth in other asset classes.

“Driving continued interest in Hollywood is the massive growth of key companies such as Netflix, Viacom, QuiBi and others who want to be located near these production giants,” Leron Gubler, president and CEO of the Hollywood Chamber of Commerce, tells GlobeSt.com. “Hollywood has also seen a proliferation of the co-working businesses with three WeWork locations, Neuehouse, Serendipity Labs, Sandhouse and Ignited Spaces among those with a significant footprint in Hollywood, which are launch pads for the next generation of companies. This will continue to fuel new business growth and entrepreneurship in the heart of Hollywood, attracting ever more creative and technology talent to the community.”

Kelsi Maree Borland

Kelsi Borland is a freelance writer and editor living whose work has appeared in such publications as Travel + Leisure, Angeleno and Riviera Orange County.

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