Producing the Downtown LA Market Report each quarter involves a lot of numbers and stats – from occupancy rates and new construction figures to square footage and leasing percentages – and making sense of the patterns and trends in all that data. But as any seasoned developer knows, to really understand what's going on in a market, you must get out there yourself and walk the streets, tour the properties, listen to the people, and experience the environment in real time.
Hacking the Highrise is about how DTLA's office towers are being reimagined for a new era of city living and a new generation of tenants.
We're looking inside, outside and all around: office spaces, common areas, infrastructure, technology, amenities, social activity, and cultural programming that connects people and companies within their buildings and to the surrounding neighborhoods.
This content was written by Nick Griffin and originally appeared on Urbanize LA.
The Downtown residential market has been on fire for years now, with the retail and restaurant scene smoldering in its wake. Now those sparks are beginning to ignite the commercial office market – with our Q2 Market Report showing growth in leasing activity, average rents and net absorption. But the numbers, while good news, aren't the real story.
The DCBID launched its "Hacking the Highrise" initiative on June 21st with a showcase event at Brookfield Properties' Wells Fargo Center North Tower. Attendees from across the real estate industry mixed and mingled over food and drink and heard from an expert panel on how the property is being reinvented for a new era of city living and a new generation of tenants.