Since the rebound, there has been more than 900,000 square feet converted into creative space in the Airport submarket alone and almost as much set to be delivered in OC over the next 18 months, representing a direct shrinking of the class-B inventory, NKF's George Thomson tells GlobeSt.com.
"It's a great thing when you put smart people together," says Brad Korman. "It's a great opportunity to branch outside the real estate realm and hear how other business leaders and change-thinkers are looking at the world and what they do, and how that impacts what they could be doing in their industries."
Although tax reform might boost hiring in office-using sectors, “it's more likely that we're not going to see a huge increase over what we had projected,” says Andrea Cross with CBRE.
Educating tenants on increasing rental rates and forecasting pricing are two of the biggest challenges, given the volatility of the industrial market, Kidder Mathews' Brandon Rohe tells GlobeSt.com.