Creative companies are starting to move into the Downtown Los Angeles market. In the third quarter, the market had 1.9 million square feet of leasing activity, with Jerde Partnership, Bullitt Studios, and Gimbal all relocated their offices to Downtown L.A, according to a new report from the DCBID. The activity pushed vacancy rates down 4.8% year-over-year to 17.6% and rents up to $3.48 per square foot for class-A space, a 4.8% increase year-over-year. To find out more about the office activity and to get a look ahead, we sat down with Nick Griffin, VP of business development at DCBID.

GlobeSt.com: Office leasing activity was very strong this quarter. Were these the types of companies that you have been looking to attract to the market?

Griffin: This was really the big story this quarter. These are four big target segments that we have been going after: tech, media, fashion, architecture. We were really please to see those companies coming in. It was particularly interesting that, geographically, they are coming into a bunch of different places. Adidas and Gimbal at going into Row DTLA, which is Arts District, but Journey is going into Bunker Hill at the CalEdison Building and Bullitt Studio is going into the fashion district. You are hitting all of the key areas as well as the different industries.