As companies in other fields decrease their office footprints and work-from-home becomes the common standard, Netflix Animation is betting on the return of animation studios in a big way.
The streamer has leased a massive 171,000-square-feet in Burbank for its first dedicated animation studio, which will be located at Burbank Empire Center’s 2300 W. Empire Avenue. To add some perspective to the size of the deal, it’s the biggest new office lease in all of Los Angeles County this year, according to a report in The Real Deal.
According to the same site, Netflix is taking 150,000-square-feet upfront, with expansion plans for the additional 21,000-square-feet. They are leasing around half of the 351,300-square-foot seven-story building, including the entire first floor, and various spaces across three other floors.