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A new region is emerging as a top destination for tech companies, many of which have outgrown their pricey Westside digs.
Once a haven for aerospace companies and manufacturers seeking proximity to Los Angeles International Airport, the El Segundo area is attracting an increasing number of growing tech companies that can't find or can't afford large blocks of space in such coveted areas as Santa Monica.
Numerous leases in the South Bay have been signed recently, and more deals are on the way. About half a dozen Westside tech companies are each currently seeking 50,000 square feet or more in or near El Segundo, and many tech companies already located in that area are looking to expand, real estate brokers said.
"(People) want to live and work by the coast," explained Craig Meyer of the…
Source: HighBeam Research, El Segundo Luring Lots of Dot-Coms From Westside.(Brief Article)