Spotify to Move Regional HQ to LA’s Arts District

Music streaming giant Spotify has recently signed a lease for 110,000 square feet of Los Angeles office space at the At Mateo office complex in the Arts District. The Swedish-based company will relocate approximately 120 employees from 9200 Sunset Boulevard in West Hollywood, where it occupied only 8,200 square feet, to its new regional headquarters at 555 Mateo Street in 2019.

At Mateo is an $80 million office and retail complex formally opened in May, offering 195,000 square feet of rentable space in four buildings. Spotify will become the property’s biggest tenant, joining food-replacement startup Soylent, which leased 29,000 square feet, and USC’s Roski School of Art and Design, which took 16,000 square feet. The Spotify deal means the property is now 85% leased, said one of the landlords.

JLL’s Tony Morales, Maureen Hawley and Jaclyn Ward represented Spotify in the deal. A Cushman & Wakefield team consisting of Pete Collins, Mike Condon Jr., Andrew Tashjian and Kelli Snyder acted on behalf of the landlords.

A joint partnership between Blatteis & Schnur and ABS Real Estate Investments, the At Mateo complex was initially meant as a collection of shops and restaurants aiming to serve the increasing residential population of the neighborhood. According to the Commercial Observer, only 50,000 square feet of space was set aside for offices, while 125,000 square feet was meant for commercial use.

Around the time of the Soylent deal, brokers started marketing the site as a creative office campus, Los Angeles Downtown News reports. The shift came as a reaction to the growing demand for creative office space in the Arts District.

Spotify is not the only music titan to move to the area. In October 2016, Warner Music Group announced it will be moving from Burbank to the renovated Ford Factory Building at 777 S Santa Fe Avenue.