1.What are some strategies for modernizing and making older high-rise product attractive to creative tenants?
2. What are developers finding to be most important to their tenants as it relates to building features and amenities?
3. What are some new wellness programs or technologies improving the workplace experience?
4. Pros & Cons: repositioning high-rise product vs. light manufacturing product?
5. What are some submarkets with game-changing projects in the pipeline?
As the tallest event space on the west coast, OUE Skyspace LA provides unobstructed 360-degree views of Los Angeles in a modern, sophisticated setting. This one-of-a-kind venue is customizable for any event, from corporate meetings and networking events to weddings, photo shoots, filmings and more.
|7:30 AM - 8:25 AM||
Breakfast & Networking
|8:25 AM - 8:30 AM||
|8:30 AM - 9:15 AM||
The State of the LA Office Market
|9:15 AM - 10:00 AM||
Adaptive Reuse & Creative Design
|10:00 AM - 10:30 AM||
Coffee & Networking
OUE Skyspace LA
633 West Fifth Street
Los Angeles, CA 90071
Floor: 69th and 70th
Parking Information: Westlawn Parking Garage: 524 S. Flower Street
After parking you will exit the garage and use the pedestrian crosswalk to cross 5th street. Then proceed up the Bunker Hill steps to level 2, you will see the OUE Skyspace tower entrance.
$10.00 with self-park validation
Los Angeles has long been recognized as one of the strongest office markets in the Nation. With over 400 million sqft of office in the market and more than one-third of that being Class A & B+ product there is no doubt that LA is an attractive place to work.
Booming media, tech, graphics, gaming and entertainment sectors have driven growth throughout this cycle, in 2017 demand through the first two quarters was slow and the market added 3 million sqft of new office product to the inventory. Are we growing in the right direction?
Rent growth was about 4% this year, with markets like Culver City and El Segundo seeing the largest gains. Vacancy stands at just below the historical average of around 10.5%, but a few of the emerging markets are trending around 15%. We definitely saw lower absorption numbers in 2017, is this a concern?
“Adaptive Reuse projects” have been the winners in LA this cycle. The Reserve in Playa Vista, The Ford Factory in Arts District, both projects attracted major tenants to an underserved submarket, that in turn spurred further local infill. What projects are in the works that could have a similar impact?
Projects in the works like the ROW DTLA and The Mark 302 in Santa Monica are setting new precedents on how we think about this strategy. There is high demand for retrofitted buildings. How far can we push the boundary on making old new? How can we further improve LA's existing product?
Please email Chris Wainwright at Chris.Wainwright@Bisnow.com with any event questions and recommendations.