Search
 

Millennials Just Want to Be Alone

LOS ANGELES—There is a new trend toward small-box stand-alone creative office buildings in Silicon Beach, according to CBRE’s Daniel Rainer and Blake Mirkin, who are handling leasing for two newly refurbished buildings, in this EXCLUSIVE interview.

Blake Mirkin Blake Mirkin is an EVP at CBRE.

LOS ANGELES—Small-box creative office is the new “it” office space for the millennial workforce. In these spaces, companies can create their own unique atmosphere and culture, and they are willing to pay a premium to do it. While these spaces are popular, they are also rare. Two stand-alone refurbishments are under construction in Silicon Beach—a 16,836-square-foot building at 1301 Colorado Boulevard and a 21,088-square-foot building at 901 Wilshire Boulevard—and are getting a ton of interest from potential tenants. Blake Mirkin and Daniel Rainer of CBRE are handling the leasing for the two spaces and can attest to the high popularity. To find out why these spaces are garnering so much attention and where the supply of stand-alone properties is headed, we sat down with Mirkin and Rainer for an exclusive interview.

GlobeSt.com: Why are standalone creative spaces so popular for tenants?

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Kelsi Maree Borland

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

More from this author

Recommended Stories

Jobs Boost Miami, Orlando Office Performance

Jobs Boost Miami, Orlando Office Performance

Richard Berger |

Trophy office buildings were the place to be as tenants sought highly amenitized options, driving up occupancy and pricing, according to Avison Young.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.