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Brad Schmitt Schmitt: “We are finding that if a company has not refreshed or re-worked its space in the last six to 10 years, it is at a competitive disadvantage and is not able to attract the workforce it seeks and requires.”

NEWPORT BEACH, CA—Creative deal making and the ability to reposition obsolete real estate are necessary elements for office buyers entering the highly competitive Orange County marketplace, Savills Studley managing director Brad Schmitt tells GlobeSt.com. With rises in leasing activity and asking rental rates and a decrease in availability from the previous quarter, according to a recent report from the firm, we spoke with Schmitt about what office investors and tenants are seeking in this market and how tenants are navigating the current landlord market.

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Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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