Los Angeles

The Metro Purple line is expanding from Downtown Los Angeles to Brentwood, connecting Mid Wilshire, Beverly Hills and Century City. While the project is highly anticipated, it has a broader impact than anticipated, according to research from JLL. The new metro line will impact nearly 20 million square feet of office space, giving companies along the line the ability to attract younger talent. Additionally, it will provide rail access to 151,000 residents. Construction began in 2015 and the first stations on the line will open in 2023. We sat down with Devon Perry, a senior research analyst at JLL, to talk about the metro line's impact on the surrounding office market.

GlobeSt.com: How will the Metro Purple line extension affect nearly 20 million square feet of office space?

Devon Parry: Approximately 19.6 million square feet of class A and B office space is located within 0.25 miles of the 7 new purple line metro stations. These new stations, opening between 2023 and 2024, will be located within some of the premiere office micro-markets, including Westwood, Century City, Beverly Hills and Miracle Mile.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.