Los Angeles Los Angeles

New construction in Los Angeles began to soften in 2019, after hitting peak levels in 2017 and 2018. According to a recent report from JLL, Los Angeles continues to be a top market for commercial construction. It is ranked fourth in the nation, with 2.3 million square feet currently under construction. Interior repositioning projects, on the other hand, have continued to maintain momentum through the year, thanks in large part to demand and leasing activity from media companies.

“Interior improvement projects for commercial office space, hospitality and repositioning of buildings continue to keep the momentum that was picked up in 2018,” Anu Rao, VP and Los Angeles market lead of project and development services at JLL, tells GlobeSt.com. “The key players in the commercial interior requirement are the media companies like Netflix, Amazon, Apple, HBO being some of the biggest players in the market.”

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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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