The award-winning video game studio behind Marvel’s Spider-Man deepens its commitment to a campus it has occupied for over two decades.
Sony Interactive Entertainment’s Insomniac Games has renewed and expanded its footprint at 2255 N Ontario Street in Burbank, bringing its occupancy to 64,822 square feet at the Media Studios campus, according to Savills’ Q1 2026 Los Angeles Office Market in Minutes report.
Insomniac Games, founded in 1994, was acquired by Sony Interactive Entertainment in 2019 and is now a key component of PlayStation Studios. The developer is best known for creating the Marvel’s Spider-Man franchise, the Ratchet & Clank series, and other major gaming titles. The studio has maintained its headquarters at the Burbank location for more than two decades, having previously expanded from approximately 42,000 square feet to 53,000 square feet in 2019.
The Media Studios campus is a 19-acre complex situated adjacent to the Hollywood Burbank Airport and features low-rise office and creative space. The Burbank submarket, one of the more active media and entertainment corridors in the Los Angeles basin, posted a 34.7 percent availability rate in the first quarter of 2026, one of the higher rates among LA submarkets, according to the Savills report. Despite elevated availability, average asking rents in Burbank stood at $4.02 per square foot per month, just below the Los Angeles overall average of $4.06 per square foot.
Across the broader market, leasing activity totaled 3.5 million square feet in the first quarter, up 2.7 percent year over year and 8.0 percent above the five-year quarterly average. Notably, Insomniac’s renewal and expansion bucks the prevailing trend of corporate occupiers rightsizing their footprints amid the continued adoption of hybrid work models, according to Savills. The largest lease of the quarter, the North Los Angeles County Regional Center’s 166,867-square-foot renewal and expansion, similarly reflected meaningful space growth.
The overall average asking rent across Los Angeles rose to $4.06 per square foot in the first quarter, up 2.9 percent year over year, marking four straight quarters of rent increases. Available sublease space has continued to decline, falling to 7.4 million square feet, down 33.0 percent from the peak reached in the third quarter of 2024, according to Savills.
Savills expects average asking rents to continue trending upward as sublease availability declines. Concessions, however, are anticipated to remain elevated amid near-record-high availability levels, as landlords continue to compete aggressively to attract and retain tenants, according to the report.
