‘Silicon Beach’ Draws Tech Startups to L.A. as Rents Jump

Excerpt from Bloomberg Businessweek:

“…Office space is getting more expensive in Venice, part of a 3-mile (5-kilometer) stretch of oceanfront communities known as Silicon Beach because of its popularity with technology companies. Rents are climbing faster than in the wider Los Angeles region as startups pour into the area and compete for a tightening supply of real estate. The surge in demand is attracting developers, who are renovating old and abandoned buildings in hopes of appealing to more and larger companies.”

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