Unique Services Drive DTLA Office Rents

Bert Dezzutti

Tailored services and amenities are clearly the biggest trend in office, but it also might be the best way to drive tenancy in Downtown Los Angeles. The submarket has a high-double digit vacancy rate, floating between 17% and 19% this year. While there has been a push to attract creative tenants to the market, and many are hoping that Warner Music’s lease will be a catalyst for more activity—Brookfield Office Properties, the largest office owner in the Downtown market, is forming partnerships and bolstering services, including its new partnership with Convene, to drive tenancy in its properties.

“We think this is going to create a progressive proposition that differentiates our projects from others,” Bert Dezzutti, EVP of the Western Region at Brookfield Office Properties, tells GlobeSt.com. “We believe that will lead to greater lease-up activity. Ultimately, if that translates to rental growth, then that is an added benefit. These spaces are places where you can support the day-to-day events of your tenancy. It is going to be a differentiator in our buildings.”