Search
 

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?

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

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

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.

More from this author

Recommended Stories

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 © 2024 ALM Global, LLC. All Rights Reserved.