Why Creative Office Is Really A Game Changer

Office has always been the most capital-intensive asset class. When leases roll, office landlords spend as much as $30 per square foot to renovate the property for a new tenant. However, the popularity of creative office is changing all of that. Upkeep in between tenants for creative spaces is as low as $10 per square foot. That makes the office asset class much less capital intensive, and investors are taking notice. To find out more, we sat down with Andrew J. White, managing director of the Western Region at Gladstone Cos. Here, he tells us why creative office is a game changer for landlords, all about re-tenanting costs and why creative office is here to stay.

GlobeSt.com: How has creative office changed re-leasing costs for office landlords?