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Class-A space is changing. Once simple defined as a top-end building—whether office or multifamily—class-A now requires a lot more than just quality to be competitive. New class-A space in Downtown Los Angeles comes with a full amenity package, outdoor spaces and food-and-beverage services. Owners of existing class-A properties should take note, and will need to upgrade to keep up with the changing market.

“The class-A building type is changing in general. It isn’t luxury; it is necessity. Most of what we would have traditionally called class-A buildings in L.A. have not had any amenities,” Louise Sharp, a principal in HLW’s Los Angeles office, tells GlobeSt.com. “That is the biggest change, and I think that is a general change that is happening as work and the way that people work is changing.”

Kelsi Maree Borland

Kelsi Maree Borland is a freelance writer and editor living in Los Angeles whose work has appeared in such publications as Travel + Leisure, Angeleno and Los Angeles Magazine.

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