In September, Netflix signed a 171K SF office lease in Burbank with plans to install its first dedicated animation studio at the property. The streaming giant initially planned to lease 150K SF, but it added on 21K SF more in the largest lease of the year to date, CoStar reports.
The coronavirus made 2020 a deeply lackluster year for office space, but the fact that the biggest lease of the year is an entertainment client served to highlight how the sector’s performance has been a bright spot on an otherwise dreary office landscape.
This article was published by Bisnow and features commentary from the OfficeCreated team. Read the full article