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Organization | 12 Months Ended
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Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Organization | Organization Hudson Pacific Properties, Inc. is a Maryland corporation formed on November 9, 2009 as a fully integrated, self-administered and self-managed real estate investment trust (“REIT”). Through its controlling interest in the operating partnership and its subsidiaries, Hudson Pacific Properties, Inc. owns, manages, leases, acquires and develops real estate, consisting primarily of office and studio properties. Unless otherwise indicated or unless the context requires otherwise, all references in these financial statements to “the Company” refer to Hudson Pacific Properties, Inc. together with its consolidated subsidiaries, including Hudson Pacific Properties, L.P. Unless otherwise indicated or unless the context requires otherwise, all references to “our operating partnership” or “the operating partnership” refer to Hudson Pacific Properties, L.P. together with its consolidated subsidiaries. The Company’s portfolio consists of properties located throughout Northern and Southern California, the Pacific Northwest and Western Canada. The following table summarizes the Company’s portfolio as of December 31, 2020:
Segments |  | Number of Properties |  | Square Feet (unaudited) |  |
Consolidated portfolio |  |  |  |  |  |
Office |  | 52 |  |  | 14,062,484 |  |  |
Studio |  | 3 |  |  | 1,224,403 |  |  |
Land |  | 6 |  |  | 2,504,406 |  |  |
Total consolidated portfolio |  | 61 |  |  | 17,791,293 |  |  |
Unconsolidated portfolio(1) |  |  |  |  |  |
Office |  | 1 |  |  | 1,488,266 |  |  |
Land |  | 2 |  |  | 682,855 |  |  |
Total unconsolidated portfolio |  | 3 |  |  | 2,171,121 |  |  |
TOTAL(2) |  | 64 |  |  | 19,962,414 |  |  |
_________________ 1.Pursuant to a co-ownership agreement with Blackstone 1, LP, the Company owns 20% of the unconsolidated joint venture entity which owns the Bentall Centre property. The Company also owns 50% of the unconsolidated joint venture entity which owns the Sunset LA development. The square footage shown above represents 100% of the properties. For further detail regarding the Company’s unconsolidated real estate entities, see Note 4. 2.Includes redevelopment and development properties. Concentrations As of December 31, 2020, the Company’s office properties were located in Northern and Southern California, the Pacific Northwest and Western Canada. The Company’s studio properties were located in Hollywood in Southern California. 78.2% of the Company’s consolidated and unconsolidated properties were located in California, which exposes the Company to greater economic risks than if it owned a more geographically dispersed portfolio. A significant portion of the Company’s rental revenue is derived from tenants in the technology and media and entertainment industries. As of December 31, 2020, approximately 29.0% and 18.0% of consolidated and unconsolidated rentable square feet were related to the tenants in the technology and media and entertainment industries, respectively. As of December 31, 2020, the Company’s 15 largest tenants represented approximately 34.4% of consolidated and unconsolidated rentable square feet and no single tenant accounted for more than 10%. As of December 31, 2020, no single tenant in the Company’s office or studio segment had rental revenues representing more than 10% of the respective segment’s total revenue.

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- Definition The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -URI http://asc.fasb.org/topic&trid=2122149 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -URI http://asc.fasb.org/topic&trid=2197479 + Details
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