Creative Tenants Drive Westside Office Demand

LOS ANGELES-In a monumental lease transaction, Riot Games leased the full Element LA creative office campus, GlobeSt.com reported in an earlier story. Totaling 284,000 square feet, the lease is said to be the largest signed in Southern California in the past five years. With vacancy rates for traditional office space on the Westside significantly higher than creative office vacancy rates, the lease reveals some interesting trends in the office sector. GlobeSt.com sat down with Eric Shelby of Allen Matkins, who represented the landlord Hudson Properties Inc., to discuss the details of the deal and the market.

GlobeSt.com: What does this deal say about the current office market?