In just a few short years, the term "Silicon Beach" has become the go-to description of the area comprised of the beach cities of Santa Monica, Venice, Marina del Rey, Playa Vista and El Segundo. The region's tech employment increased roughly 15% between 2016 and 2017, and many of the biggest names in technology, including Facebook, Google, Apple, Amazon, Netflix, Spotify, and Space X have opened new offices or increased their existing presence there. Still, discussions about tech capitals in the media rarely seem to focus on LA...but that seems likely to change soon. 

Part of that change is the rapid development and merging of tech and entertainment. There is no disputing that Los Angeles is the entertainment capital of the world and likely will always be. But, according to the LA Times, with schools like USC, UCLA, Caltech, Chapman and LMU, Los Angeles also has more engineering graduates than any city in the United States and many of these grads become profoundly affected by the entertainment culture they experience during their studies here. Because of these factors, the tech startup community in LA has boomed in the last decade. "Technology" and "California" used to only mean the San Francisco area, but not so much these days.

We housesellers can't help but notice the irony in the fact that while home prices here continue to rise at historic rates, one of the reasons tech is booming in Los Angeles is because of how much more affordable it is to live in LA than in San Francisco or New York. As more and more wealthy employees of mega tech companies move into the area, that could cause a problem of even higher escalating home prices in Silicon Beach, but the flip side of the coin is that the massive region-wide transportation upgrade we are in the midst of will allow for industry employees to explore housing options in other communities in our vast urban sprawl and still be able to commute quickly to where the center of the tech hub in LA is located.