Playa Vista Real Estate Home and Commercial Investment
Many investors are calling Playa Vista Real Estate agents to invest in Playa Vista as homes prices rise and the surge is expected to continue. 80% of Playa Vista’s commercial space is now occupied by tech companies. Belkin International, Inc. became one of the first tech companies to move its headquarters to Playa Vista. Now Yahoo Inc. has a lease for 130,000 square feet of office space. Sony Playstation, TMZ, Microsoft, and Edgecast now occupy the Reserve which across from Playa Vista in the old US Postal lot. It was originally purchased for $44M four years prior and sold for $300M.
Most know Google bought 12 acres of land in Playa Vista, but they have yet to make their move. However, Google has leased the 319,000-square-foot Spruce Goose hangar.
If not in Playa Vista many tech companies are located within minutes of Playa Vista. Snapchat, whose employees are receiving substantial funds, are expected to invest in real estate. Snapchat is just 12 minutes from Playa Vista in Venice.
Dale Ross, Broker