Creative office space has been around for awhile, but may be an unfamiliar concept to most businesses. If you decide creative office space is a good fit for you, CBI will guide throughout the entire process. We have the expertise to close the best possible deal.
CBI knows creative office space.
Find great creative space in Los Angeles. We will walk you through the search & transaction process from start to finish and negotiate strongly on your behalf.
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What is creative office space?
Forget cubicles and tight quarters. Creative office space is the antithesis of a conventional workplace. These spaces are characterized by their open-air feel (tall ceilings), ample breathing room (huge walkways), avant garde furniture (modern couches and pods) and communal work spaces.
A creative office space can be customized to meet a tenant's desires with regards to decoration, furniture and layout. This allows a company to express their personality and enables employees to thrive in a conducive and collaborative workplace.
Who typically uses creative office space?
In the past, creative spaces were used by media, tech, and entertainment companies in Los Angeles. Nowadays, traditional industries such as real estate, law and financial firms are moving their offices into creative buildings.
What are the trends in creative office space?
Creative office space used to be centered in the Santa Monica / Venice (Google, Yahoo) and Beverly Hills area (MySpace, Gibson). With increasing rent and low supply, tenants have been moving to other areas, such as Playa Vista, Westchester, Culver City and Hollywood.
Creative Offices in Traditional High-Rises
Many businesses have started to move from their traditional workplace environment to creative offices. An example of a company in a traditional industry doing this is CB Richard Ellis (CBRE). In September 2014, the company moved its global headquarters in Downtown LA to a space in a nearby high-rise building that emphasizes collaboration, sustainability and flexibility.
In 2011, about 10% of Class A transactions in Downtown Los Angeles involved conversions from traditional offices to creative spaces. In 2012, that figure jumped to 24%. Conversions are expected to increase significantly in the next few years.