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Netflix Puts LA-Area Office Space Up for Sublease After Posting Gloomy Subscription Numbers

Streaming Service Returns About 180,000 Square Feet To Market
Netflix leased space at 2400 Empire Ave., a roughly 135,000-square-foot building in Burbank, California. (Evan Bracken/CoStar)
Netflix leased space at 2400 Empire Ave., a roughly 135,000-square-foot building in Burbank, California. (Evan Bracken/CoStar)
CoStar News
July 7, 2022 | 10:33 P.M.

Netflix, once one of the most active office tenants in Hollywood, now is attempting to shrink its greater Los Angeles real estate footprint after layoffs and a decline in subscribers.

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