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Hayden Tract 'Ground Zero' for Creative Office

CULVER CITY, CA—Avison Young's Jeff Vertun talks about the highly competitive creative office market in Culver City, and how to land the top tenants in this EXCLUSIVE interview.

By Kelsi Maree Borland | Updated on March 18, 2015

CULVER CITY, CA—Entertainment and tech companies are flocking to the Culver City market to take advantage of the unique adaptive reuse creative office spaces and the central location. This high demand is creating a limited supply in the market and leading to high competition for these spaces. As a result, rents have been rising steadily over the past year, now up to $3.75 per square foot from $3 per square foot this time last year. Jeff Vertun, an associate at Avison Young and an expert on the Culver City submarket, recently inked a 7,000-square-foot, $1.5-million lease deal at Blackwelder, an adaptive reuse creative office campus. That is only the tip of the iceberg—the Culver City submarket has seen some of the biggest transactions in recent history. To find out what is driving demand in the market and what tenants are looking for, we sat Vertun down for an exclusive interview. Here, he tells all about the Culver City market.   

GlobeSt.com: What is driving entertainment tenants to the Culver City market?

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