February 17th, 2015

Tech Buzz: The Silicon Beach Brigade

Image courtesy of L.A. Times

Image courtesy of L.A. Times

Marina del Rey has long been a major go-to coastal hotspot with Mother’s Beach, beautiful parks, the harbor, a slew of excellent dining spots and, of course, the awesome waterfront apartment communities luring folks into town. But lately, we’ve also become a part of something else… something kind of monumental, actually. Our lovely little beach town is smack dab in the middle of the coolest new tech hub since Palo Alto. We’re part of Silicon Beach, people.

If you haven’t noticed, giant tech companies are moving right around the corner from us, bringing tons of opportunity right along with it. Which is why our awesome little corner of L.A. is being called “the tech and innovation capital of Los Angeles.” That’s some really good news and it’s making a difference in our job market, too. In fact, the latest report from the L.A. County Economic Development Corp showed that we have more high-tech jobs than NYC, Santa Clara County or Boston. Pretty cool stuff.

So wondering how we transformed into this technology superpower?

Here’s the low-down on the biggest players’ moves:

First: Facebook and YouTube headed to town

Then in 2013: Microsoft opened a 20,000 square foot office nearby

In December 2014: Google announced it spent almost $120 million buying 12 vacant acres right next to Howard Hughes’ Spruce Goose hangar, which is zoned for almost 900,000 square feet of office space.

In January 2015: Yahoo signed a lease for an approximately 130,000 square foot office because, as their CFO noted, the “access to talent” in the area is phenomenal, plus they love the culture around town.

Not to mention, some of these companies (and other tech companies) also have spaces up the beach in Venice — we’re surrounded by high-tech heavyweights! (Yet, far enough away that we still get to hold on to our beachy Marina del Rey mojo!).

It’s an exciting time on the Westside — so much potential, so much going on! We can’t wait to see what’s next.

How do you feel about the tech expansion around Marina del Rey? Let us know what you think!