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Inside Brookfield’s DTLA Leasing Strategy

The market has the highest office vacancy rate in Los Angeles, but Brookfield, the largest owner of office product, is managing to find success.

Figueroa at Wilshire Figueroa at Wilshire, one of Brookfield’s Downtown Los Angeles properties

Brookfield Properties is having a pretty good year with leasing velocity in its Downtown Los Angeles office portfolio. The firm expects to close the first quarter with 200,000 square feet in leasing activity in the market, including a 58,000-square-foot lease at Figueroa at Wilshire with Seyfarth Shaw LLP. This is all in an office market that continues to garner a 17%-plus vacancy rate, among the highest in Los Angeles. To get an inside look at the firm’s leasing strategy and if it is concerned about the vacancy, we sat down with John Barganski, SVP of leasing at Brookfield Properties, for an exclusive interview.

GlobeSt.com: What has driven leasing activity in your portfolio for the last six months?

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Kelsi Maree Borland

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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