X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LOS ANGELES—In Downtown Los Angeles, class-A office product isn’t the most expensive anymore, according to George Crawford, an associate at Charles Dunn Co., who says that class-B and class-C product is emerging as the most expensive and the most sought-after assets in Downtown Los Angeles. As a result, there is some pricing confusion in the market. Class-A is typically the standard by which other office classes set pricing. Now, Crawford says that determining values from class-A to class-C can be a challenge, and there are many buildings that are being reclassified thanks to adaptive reuse conversions and value-add plays, which is driven largely by creative office. To find out more about this emerging trend, how Crawford and other professionals determine value and how developers fit into the equation, we sat down with Crawford for an exclusive interview. Here is what he tells us:

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

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 © 2020 ALM Media Properties, LLC. All Rights Reserved.