Silicon Beach tech hub sparks boom in LA’s Westside

Los Angeles’ blossoming technology start-up industry, known as Silicon Beach, is spawning a real estate boom on the city’s Westside, a mostly affluent area known for housing film executives, star athletes and financial industry heavyweights.

In the past 12 months property in Venice, Marina del Rey and Santa Monica – areas dotted with hundreds of new tech start-ups – has experienced double-digit price growth and a dwindling supply of inventory. Homes are also spending considerably less time on the market and selling well above asking prices, according to estate agents.

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