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.”

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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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