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

"L.A. has been a safe haven for the deployment of institutionalcapital in office product for over a decade, and we expect to seethe same into the foreseeable future," Christopher K.Cooper, principal and managing director of SouthernCalifornia at Avison Young, tells GlobeSt.com. "Netflix, Apple,Google, and Amazon, among others, are growing as they curatecontent. To that end, investors are happy to develop more space forthe proliferation of large tenant requirements. This in itself isnot the only reason why the office class is doing so well, but ithas had a large impact on the Westside and Silicon Beach."