Share this          
Direct-to-consumer entertainment provided by streaming services has caused original   content creation for scripted series in Hollywood to almost double since 2011. Streaming services represented 2% of the 266 original series produced in 2011 and as of year-end 2018 it represented 32% of the 495 original series, according to FX Network Research. This growth has more than doubled annual demand for industrial entertainment-and production-related space in the Greater Los Angeles region, with a high concentration in the San Fernando Valley. More than 1.7 million sq. ft. of production space was leased in 2018 compared with 780,000 sq. ft. in 2011. The ongoing shift toward streaming services for entertainment consumption, and further confluence of the technology and media industries will not only drive further industrial real estate growth, but also become a more important source of economic growth.
 

Source: FX Network Research, Cowen & Co Consumer Tracking Survey, CBRE Research 2019​.





Source: FX Network Research, Cowen & Co Consumer Tracking Survey 2018.
 
 
Visit the Global Research Gateway
CBRE Research
 
Share
 
You may also unsubscribe by calling toll-free +1 877 CBRE 330 (+1 877 227 3330).

Please consider the environment before printing this email.

CBRE respects your privacy. A copy of our Privacy Policy is available online. For California Residents, our California Privacy Notice is available here. If you have questions or concerns about our compliance with this policy, please email PrivacyAdministrator@cbre.com or write to Attn: Marketing Department, Privacy Administrator, CBRE, 200 Park Ave. 19-22 Floors, New York, NY 10166.

Address: 4141 Inland Empire Blvd., #100 Suite 700, Ontario CA 91764

© 2024 CBRE Statistics contained herein may represent a different data set than that used to generate National Vacancy and Availability Index statistics published by CBRE Corporate Communications or CBRE's research and econometric forecasting unit, CBRE Econometric Advisors. Information herein has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the market. This information is designed exclusively for use by CBRE clients, and cannot be reproduced without prior written permission of CBRE.

CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.

Photos herein are the property of their respective owners. Use of these images without the express written consent of the owner is prohibited.