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.

2777 Ontario is specifically designed to meet the needs of media and production companies. With its large windows, high clearances, and abundant power supply, this property provides the flexibility and resources required for various production activities. The secure parking lot and outdoor amenity spaces further enhance the functionality and convenience for production crews and staff.

Located in Burbank, CA, 2777 Ontario is situated in one of the most prominent media and entertainment hubs in Los Angeles. This prime location offers easy access to major studios, talent agencies, and other industry resources, making it an ideal spot for production companies looking to be at the center of the action.

The property was renovated in 2024, with significant upgrades including an efficient mechanical system, a modern lobby reception area, and enhanced outdoor seating spaces. These updates not only improve the building’s functionality but also create a welcoming environment for staff and visitors alike.

2777 Ontario features high ceilings and clearances, which are essential for accommodating large sets, lighting rigs, and other production equipment. The large windows provide ample natural light, which can be beneficial for certain types of shoots, while the flexible layout allows for easy customization based on the specific needs of different projects.

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