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As L.A.’s commercial real estate market recovers from the massive blow of Covid, some areas are flourishing while others are stuck in a two-year slump,. “It’s somewhat of a tale of two cities, depending on which market we’re talking about,” says Jodie Poirier, executive managing director at Colliers.
Notes Bill Bloodgood, executive managing director at Newmark, “It is bouncing back much faster in the markets that we consider the primary tech- and entertainment-driven markets.” This is good news for established and emerging creative hubs like Culver City, West L.A., the South Bay and the Arts District. It’s bad news for more traditional business districts like downtown’s core and dated office spaces that look like “a law firm in the ’80s or ’90s,” in the words of Jaclyn Ward, managing director at Jll.
Overall, the Greater Los...
As L.A.’s commercial real estate market recovers from the massive blow of Covid, some areas are flourishing while others are stuck in a two-year slump,. “It’s somewhat of a tale of two cities, depending on which market we’re talking about,” says Jodie Poirier, executive managing director at Colliers.
Notes Bill Bloodgood, executive managing director at Newmark, “It is bouncing back much faster in the markets that we consider the primary tech- and entertainment-driven markets.” This is good news for established and emerging creative hubs like Culver City, West L.A., the South Bay and the Arts District. It’s bad news for more traditional business districts like downtown’s core and dated office spaces that look like “a law firm in the ’80s or ’90s,” in the words of Jaclyn Ward, managing director at Jll.
Overall, the Greater Los...
- 6/7/2022
- by Hadley Meares
- The Hollywood Reporter - Movie News
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