Searles: Each city within the L.A. Basin is approaching the demands of growing innovative companies a little differently—some with infrastructure upgrades, others with tax credits and many with thoughtful urban planning that promotes live/work/play lifestyle. There have also been a number of professional organizations formed organically to help people collaborate with young professionals, entrepreneurs, local universities and capital sources.

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Kammerer: Technology-focused companies tend to target amenity-rich submarkets. Often, the infrastructure in those areas is underdeveloped for the rapidly expanding, high-density tech users, and such cities are having to come up with creative solutions to make up for shortfalls. With downtown markets seeing the bulk of the interest for growing companies, city municipalities are looking to incentivize users to attract potential users outside those tier-one locations. Simple initiatives like bike sharing or public-transit shuttles are often considered, but as cities dive deeper into the complications of bringing high-growth users to more suburban areas, many are being forced to look at accommodating the need for amenities via new development. Cities are pushing the boundaries of what can be built today by promoting green space and retail, given how critical those adjacencies are for technology companies.

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GlobeSt.com: How is innovation impacting your region's commercial real estate market?

Ingham: With innovation comes change. Orange County continues to see entrepreneurial and small firms attract venture-capital money, providing resources for expansion and offsetting some of the construction that has occurred from mergers and acquisitions. Technology and changes in the way companies use space are also creating some reductions in the demand for space.

Melda: Groups like DeskHub, WeWork and Downtown Works are expanding into our market to provide the collaborative “hipster”-type space. I think the natural progression when these techies outgrow co-working spaces/incubators is that they will want to piggyback off those amenities. This can be as simple as more collaboration hang-out space or roll-up doors to incorporate outdoor patios. I am seeing more and more landlords trying to adapt to this downtown and in the suburban markets.

Searles: The Los Angeles startup landscape is no longer one-dimensional since there is great diversification across business types that is driving job growth in multiple disciplines. The labor pool is spread out, giving companies the freedom to move or locate across submarkets. Innovative companies are using space at higher densities than ever before, and basic services like parking, retail amenities and traffic are being taxed. Los Angeles is making efforts to connect the city via public transportation and needed now more than ever are transit-oriented developments like those coming to Santa Monica, Culver City and Downtown.

Kammerer: Technological innovation continues to promote growth by way of attracting young talent from across the world. The Millennial generation and its focus on today's technology being fully mobile has changed how the workplace is viewed. Much of the recently completed or under-construction development has been focused around live/work/play, creating a more “at-home” type of campus. This typically includes open areas, an abundance of natural light, informal collaboration areas and, more importantly, nearby retail amenities. As Millennials have changed the nature of the workspace, the demand for high-quality office product near local transit and retail has been a common theme among young tech startups and fast-growing companies. With today's workforce focusing on mobility, having the ability to work from anywhere outside the office has eliminated the need for traditional assigned desks and replaced with flexible collaboration areas. As a result, many companies are densifying on an employee-per square-foot basis, which in turn is creating demand for next-generation office built to accommodate current trends.