Investors and developers are plowing ahead with soundstage construction plans as productions flee Los Angeles in droves. East End Studios recently opened its $230 million Mission Campus in the Arts District, a 255,000-square-foot complex with five stages, although it hasn’t yet found a tenant, CoStar reported. It’s the latest studio space to hit the market amid softening demand as productions increasingly film outside Los Angeles. Soundstage occupancy is in the low-60 percent range, according to FilmLA. That represents a major drop compared to the 90 percent occupancy brought on by the streaming boom at the beginning of the decade. Greater […]
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