{"id":1004703915,"date":"2024-02-28T13:02:15","date_gmt":"2024-02-28T21:02:15","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004703915"},"modified":"2024-02-28T23:53:13","modified_gmt":"2024-02-29T07:53:13","slug":"cre-sees-success-with-studios","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cre-sees-success-with-studios\/","title":{"rendered":"CRE Sees Success With Studios"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a41653017f35&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-large is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"620\" data-attachment-id=\"1004401892\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/the-simple-step-to-help-your-tenants-amid-the-coronavirus-crisis\/jessica-fiur-headshot_small-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Jessica-Fiur-Headshot_small-1.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Jessica-Fiur-Headshot_small\" data-image-description=\"&lt;p&gt;Jessica Fiur, Editor-in-Chief&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;From the Editor&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Jessica-Fiur-Headshot_small-1.jpg?w=800\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Jessica-Fiur-Headshot_small-1.jpg?w=800\" alt=\"Jessica Fiur, Editor-in-Chief\" class=\"wp-image-1004401892\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Jessica-Fiur-Headshot_small-1.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Jessica-Fiur-Headshot_small-1.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Jessica-Fiur-Headshot_small-1.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Jessica Fiur, Editor-in-Chief<\/figcaption><\/figure><\/div>\n\n\n<p>I\u2019m going to admit something here. Please don\u2019t judge.<\/p>\n\n\n\n<p>I love the Netflix show <em>Love Is Blind.<\/em><\/p>\n\n\n\n<p>You\u2019re judging me, aren\u2019t you?<\/p>\n\n\n\n<p>But anyway, this is a reality show where contestants talk and \u201cfall in love\u201d without seeing the other person, before getting engaged, moving in together and potentially getting married in a few weeks. It\u2019s total trash, and it\u2019s amazing.<\/p>\n\n\n\n<p>I love to watch mindless TV shows\u2014I can do it on my couch, eating snacks and scrolling on my phone. To horribly misquote Patrick Henry, \u201cGive me streaming services or give me death.\u201d Of course, it\u2019s not just me who happily consumes tons of shows. Currently, there are about <a href=\"https:\/\/explodingtopics.com\/blog\/video-streaming-stats\">1.8 billion subscriptions to video streaming services<\/a>. That\u2019s not to say people aren\u2019t going to the movies, as well. (Um, anyone heard of a little movie called <em>Barbie<\/em>, which made $1.4 billion at the box office?) It seems like it\u2019s a good time to be in show business.<\/p>\n\n\n\n<p>It\u2019s not surprising, then, that studios are looking to become the next asset class darling. Of course, the tax credit incentive programs don\u2019t hurt. (New Jersey is getting in on the act, having introduced a new incentive program in 2023.) And some CRE developers and investors are taking note. Blackstone and Hudson Pacific Properties, for example, are developing projects under Sunset Studios. Companies are looking to build soundstages, office space and more.<\/p>\n\n\n\n<p>\u201cStudio operators have increasingly sought out modern, high-quality spaces enabled with the technology for productions,\u201d Jacob Albers of Cushman &amp; Wakefield told reporter Jeffrey Steele in \u201c<a href=\"https:\/\/www.commercialsearch.com\/news\/why-cre-investors-are-zooming-in-on-studios\/\">Zooming In on Studios<\/a>.\u201d<\/p>\n\n\n\n<p>As long as people are demanding more content to consume on TV or in the movies, there will be a need for studio space, which makes it a sound investment for real estate professionals. Maybe there could even be a reality show following sassy CRE developers around from creation to completion of these studios.<\/p>\n\n\n\n<p>I\u2019d totally watch that.<\/p>\n\n\n\n<p><em><a href=\"https:\/\/mydigitalpublication.com\/publication\/?i=816729\" target=\"_blank\" rel=\"noreferrer noopener\">Read the March 2024 issue of CPE.<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Streaming services and a renewed interest in going to theaters have created a demand for film production space. CRE is taking note.<\/p>\n","protected":false},"author":443,"featured_media":1004401892,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1521,21788],"tags":[32892,32799,35295],"class_list":["post-1004703915","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital","category-editors-notes","tag-blackstone","tag-cushman-wakefield","tag-hudson-pacific-properties"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CRE Sees Success With Studios - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Streaming services and a renewed interest in going to theaters have created a demand for film production space. CRE is taking note.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/cre-sees-success-with-studios\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CRE Sees Success With Studios\" \/>\n<meta property=\"og:description\" content=\"Streaming services and a renewed interest in going to theaters have created a demand for film production space. 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