As a result of the tightening market, we have seen office asking rents soar and space become increasing limited. The heightened demand has resulted in the rapidly growing trend of repositioning older office product. Although “creative space” has become a new buzz word in Orange County, redevelopment is an expensive and timely endeavor that begs landlords to question whether it pays off in the long run. JLL’s Scott Wetzel spoke to GlobeSt.com for their article “What to Know About Updating Office Assets” about this growing trend.
Read the article here to learn more