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Office Sublease Space Pours Onto the Market in Pricey LA Coastal City in Pandemic

Santa Monica Feels Downside of Longtime Expansions by Tech Companies
Santa Monica, California, a coastal Los Angeles County city nicknamed Silicon Beach for its high concentration of tech firms and investor. (Getty Images)
Santa Monica, California, a coastal Los Angeles County city nicknamed Silicon Beach for its high concentration of tech firms and investor. (Getty Images)
CoStar News
August 24, 2020 | 10:54 P.M.

The amount of sublease space has surged to a record high in one of California's most expensive office markets as technology companies that once helped make the market so pricey scale back during the pandemic.

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