Santa Monica, CA Commercial Real Estate Market Overview
The city of Santa Monica is known as “Silicon Beach.” It has a robust and versatile local economy governed by the creative and technology industries. Santa Monica’s ideal oceanside location and its close proximity to Los Angeles — to which it is connected via Interstate 10 — have greatly contributed to the city’s rapid, tech-driven development.
Besides the tech sector, major employers in the city are in the healthcare and government sectors.
The city is also home to hundreds of venture capital-funded startup companies. For example, Activision Blizzard — one of the largest game companies in the Americas and Europe, which is also on the Fortune 500 list — is headquartered in Santa Monica. Other successful companies that started out in Santa Monica include Hulu, Lionsgate Films, Otter Media, Fatburger, The Beachbody Company and the RAND Corporation.