LOS ANGELES—The Los Angeles market is seeing an abundance of venture capital flood into the market, thanks in large part to the start-up boom in Silicon Beach. As a result, the office market is getting a welcome and much need boost, according to Michael Rudis, the senior research analyst at NGKF, in this exclusive story. As a result of this capital, Rudis expects to see job growth and business expansion through 2016 as well as increased office demand and rental rates.

“I think over the next couple of years, we have a really good path to follow. There is a lot of job growth and there is a lot of venture investment coming into Los Angeles and Orange County area,” Rudis tells GlobeSt.com. “Through the third quarter 2015, we had the most venture capital investment of any year since the year 2000. That gives companies that fuel to grow and increase their need for office space. As a result, I do think that office rental rates are going to continue to go up for a while.”

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