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A tale of two downtowns in L.A.: As offices languish, apartments thrive
7 months, 3 weeks ago

A tale of two downtowns in L.A.: As offices languish, apartments thrive

LA Times  

By many measures, downtown Los Angeles’ newest apartment tower is over the top with such gilded flourishes as stone tiles from Spain lining the elevator cabs and hand-troweled Italian plaster on interior walls. The decision by Mitsui Fudosan America, the Japanese real estate company that owns Figueroa Eight, to spend as much as $350 million to build an ultra high-end …

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Cities reviving downtowns by converting offices to housing
1 year, 7 months ago

Cities reviving downtowns by converting offices to housing

Associated Press  

NEW YORK — On the 31st floor of what was once a towering office building in downtown Manhattan, construction workers lay down steel bracing for what will soon anchor a host of residential amenities: a catering station, lounge, fire pit and gas grills. “We’re taking a vacant building and pouring life not only into this building, but this entire neighborhood,” …

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Bengaluru tops in Asia Pacific region in flexible office space stock; Hyderabad 7th
2 years ago

Bengaluru tops in Asia Pacific region in flexible office space stock; Hyderabad 7th

Deccan Chronicle  

New Delhi: Bengaluru has the highest supply of premium flexible office space in Asia Pacific region at 10.6 million square feet, according to CBRE. As of September 2022, Bengaluru recorded 10.6 million square feet flexible stock, the highest among all major APAC cities, including Shanghai, Beijing, Seoul, Tokyo and Singapore. Out of the total premium flexible office space in Hyderabad, …

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Is hybrid the new normal? Workers are back in person but only a few days a week
2 years, 8 months ago

Is hybrid the new normal? Workers are back in person but only a few days a week

LA Times  

People are going back to the office. “Since the mask mandate was lifted, we have seen almost a doubling of daily office populations,” said John Barganski of Brookfield Properties, the largest office landlord in downtown Los Angeles. Real estate brokerage CBRE reported a net gain of more than 500,000 square feet of leased space in Los Angeles County as some …

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L.A.’s office market skid slows as workers trickle back
3 years, 5 months ago

L.A.’s office market skid slows as workers trickle back

LA Times  

The vacancy rate reached 17.6% in the second quarter, little changed from the first quarter, CBRE said. The Los Angeles County office rental market is showing early signs of stabilizing as businesses shed space at a slower pace in an apparent calculation that better times are ahead. Overall vacancy in buildings reached 17.6% in the second quarter, up substantially from …

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