Since the beginning of the pandemic, sublease office space has been in ample supply. In Los Angeles, sublease space has increased 20% in the last two months, according to a report from JLL, and the market is continuing to grow. Technology and advertising companies have contributed the most space to the growing sublease market in Los Angeles.

Of the approximately 80 new or expanded subleases, the primary industries subleasing space are technology (26%), marketing/advertising (21%), media & entertainment (14%) and legal (12%); however, when looking at the types of companies/industries, the most important factor is that the average size of these subleases is just over 20,000 square feet with only a handful of large block subleases and as such, it has been the small to mid-sized companies in those industries that have born the brunt of the economic downturn as it relates to sublease activity,” Josh Wrobel, managing director at JLL, tells

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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 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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