Industrial Panel Q&A on LA’s studio/production market with Chris McKenzie (Lee & Associates) & Sam Glendon (CBRE)
The Los Angeles Business Journal recently hosted an insightful in-person Real Estate Trends event featuring mid-year discussions on key topics like commercial brokerage updates, development, and construction trends in LA, and economic projects within Los Angeles County.
As the conversation progressed during the economic panel, Chris McKenzie asked Sam Glendon to discuss the evolving landscape of film and TV studio development in Los Angeles, particularly the conversion of industrial buildings into studio spaces. He notes the current challenges and trends impacting the industry, including rising construction costs and interest rates.
Sam emphasized the importance of location and cost-effectiveness in the success of new studio developments, suggesting that projects closer to the central film hubs like Burbank and Hollywood will likely perform better than those located further out in the near term.
What does a production space for lease look like?
Property Name: 2777 Ontario
Location: Burbank, CA
Cruising Loopnet, I found this availability located in the heart of Burbank. It’s ideally situated within one of the most prominent media and entertainment hubs in Los Angeles. Its features make it an excellent choice for production companies looking for modern, adaptable space in a prime location.
Background:
Montana Avenue Capital Partners has a proven track record, having successfully renovated and delivered over 3.2 million square feet of high-quality space over the last decade. 2777 Ontario exemplifies this expertise, offering top-tier amenities and infrastructure tailored to the needs of the media and entertainment industry.