•          As the media & entertainment industry enters an era of accelerated demand, production facilities are an increasingly attractive commercial real estate investment.

•          Most of the 11 million sq. ft. of sound stage space in North America is concentrated in filming hubs like Los Angeles and Georgia. Los Angeles alone accounts for half of this inventory.

•          Institutional investors have been increasingly attracted to the sound stage sector over the past decade, creating a burgeoning new asset class within commercial real estate.

•          The entertainment industry is a major space occupier and employs more than 3 million people in the U.S. COVID-19 restrictions that have limited entertainment production caused a temporary decrease in industry employment but demand for production space has been growing rapidly, largely due to a pandemic-related 74% year-over-year increase in streaming video demand.

•          Film production locations are increasingly far-flung, as tax incentive programs have helped states like Georgia and Louisiana become major production centers. However, traditional entertainment hubs like Los Angeles and New York remain prime sources of industry talent.