Technology companies have been hiring at such a rapid pace that they have come to rule the Los Angeles office market and are spreading their influence into neighborhoods such as Silver Lake and West Adams that were not previously considered white collar business centers.
Raise collects data on how much office space tech companies buy up or lease, and according to the numbers, tech’s takeover of L.A. has been pretty staggering. In 2015, tech companies were leasing about 500,000 square feet of office space. Now Netflix alone has nearly a million. Tech has some 5.5 million square feet of space in L.A. today — around 10% of all commercial real estate on the Westside. “From 2018 on, it’s been really sizable and steady increases,” she says.
As tech invaded L.A. and rubbed shoulders with the entertainment industry, new formations of what we consider “tech” were born. Don’t take it from me. The, who’s previously studied Silicon Valley, conducted her most recent fieldwork in L.A.’s growing virtual reality community. Even though Southern California has a massive aerospace industry and was an early player in electronics manufacturing and internet research, she says that L.A.
“Thinking about tech from L.A.,” Messeri tells me, “is a project in both remembering that there is a tech history in the city, but then also reflecting on how entertainment and storytelling are increasingly important for the current tech climate.” How, perhaps, gambits like the metaverse may rely less on a particular technological achievement than on the stories and experiences one might encounter inside it.
it — “Ready Player One” was a blueprint for Facebook’s metaverse, and Tom Cruise’s swipe-based future policing in “Minority Report” famously helped inspire touchscreen user interfaces.It certainly is, and now more than ever, the lines are blurring. Film franchises such as “Avatar” and the seemingly infinite Marvel Cinematic Universe require state-of-the-art film production technology;
Source: News Formal (newsformal.com)
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