Snapchat To Snap Up Real Estate in Santa Monica Market

May 13, 2016

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SNapchat-SantaMonicaAirport_1 — Snapchat

Snapchat Inc., the company behind the image messaging application, appears to be in the process filtering into a large spot at the Santa Monica Airport, close to its Venice headquarters.

The space includes 80,000-square-feet, encompassing two office buildings and eight hangars, reported the Santa Monica Mirror, following a Santa Monica City Council meeting where the deal was discussed. The lease, set to be signed for a five-year period, would come out to about $3 million a year, reflecting market rates.

The broker representing the city, Craig Zund of Corporate Realty Group in Santa Monica, told the Business Journal he could not comment on the transaction. A Santa Monica spokeswoman did not immediately respond to a request for comment.

Last May Snapchat reportedly signed a 10-year lease for a 47,000-square-foot complex at the corner of Abbot Kinney and Venice Boulevard in Venice.

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Snapchat To Snap Up Real Estate in Santa Monica Market

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