Streaming War-Era Leasing Changes Offer A Buffer For Studio Landlords As Hollywood Strikes Shut Down Productions

July 24, 2023 / no comments

The now-concurrent strikes of two national unions representing writers and actors for major entertainment producers like Paramount and Netflix have the potential to dramatically alter the way Hollywood works and are squeezing media companies at a time when they are under increasing pressure to perform and be profitable.
The strikes are likely to have a major economic impact. But, from a real estate perspective, soundstages in Los Angeles and filming hubs across the country, owners seem insulated from the brunt of the impact.
Because of a recent streaming war-fueled trend of securing long-term leases for scarce space, many tenants are locked into their…

Today’s Boom In Lab Supply Is Rewriting The Life Sciences Real Estate Playbook

July 24, 2023 / no comments

With increased concessions, more rental discounts and, perhaps by the end of the year, lower rents for labs, the increase in supply continues to alter today’s life sciences real estate market. It is a quiet echo of the sector’s boom in 2021, when record venture capital funding and soaring demand helped finance many of the projects coming online right now.
Relative to the ultra-tight vacancies of just a few years ago, today’s increased supply isn’t a glut. But during a time of cooling demand, new lab space has created a more tenant-friendly market, with increasingly available sublease space and more new…