Office Will Be a Top Investment Asset in L.A. This Year

Los Angeles

Office could be a top investment asset in Los Angeles this year. In fact, the 2020 forecast from Avison Young predicts that office investment activity will surpass industrial investment sales volumes this year. The report forecasts office investment will total $7 billion this year while industrial investment will total $6.5 billion in the market.

“L.A. has been a safe haven for the deployment of institutional capital in office product for over a decade, and we expect to see the same into the foreseeable future,” Christopher K. Cooper, principal and managing director of Southern California at Avison Young, tells GlobeSt.com. “Netflix, Apple, Google, and Amazon, among others, are growing as they curate content. To that end, investors are happy to develop more space for the proliferation of large tenant requirements. This in itself is not the only reason why the office class is doing so well, but it has had a large impact on the Westside and Silicon Beach.”