Download - Creative Office Projects
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CREATIVE OFFICE PROJECTSADAPTIVE REUSE GENERATES STAGGERING RETURNS FOR INVESTORS
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WHAT IS CREATIVE OFFICE?n “Creative office” is a subset of value-add adaptive reuse
n Typically encompasses conversion of a property from non-office (e.g., industrial or retail) to office use
n An increasingly popular value-add strategy
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CREATIVE OFFICE DRIVERS
n Increasingly millennial-focused
n Want differentiated office space for branding and recruiting
#1 TAMI (tech, advertising, media and information) companies are growing
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CREATIVE OFFICE DRIVERS
n Absorption previously driven by suburban growth
n Functionally obsolete industrial buildings targeted for urban locations
#2 Office absorption is moving to urban, live/work/play environments
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LOS ANGELESPlaya Jefferson
The Reserve
The Ford Building
Columbia Square
The Press
NEW YORK
SAN FRANCISCO BAY AREA
HOUSTON
NEW JERSEY
CHICAGO
Imperial Market
Market Square
PORTLANDMeier & Frank Building
SEATTLEMaritime Building
DENVERINDUSTRY RiNo Station
888 Brannan
Uptown Station
1K Fulton
Hillshire Brands Headquarters
Bell Works
ATLANTA
BOSTONOne Lovejoy Wharf
New GE Headquarters
Innovation & Design building (IDB)
DALLASThe Brewery Building
Factory Six03
SAN ANTONIOPearl
AUSTINSeaholm Power Plant
Saint Elmo Market District
PHOENIXThe HUB
77 Flushing Ave.
Watchtower Building
Twitter NYC
Falchi Building
Atlanta Dairies
Ponce City Market
COMPLETE UNDER DEVELOPMENT
EXITS ($50M+) & PROJECTS UNDER DEVELOPMENT (100,000+ SF)
NYC
NJ
LA
ATL
BOS
CHI
HOU
PDX
DEN
SA
DAL
AUS
SF
SE
PHX
NOTEWORTHY CREATIVE OFFICE PROJECTS
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Original sale:
$81.2M
FALCHI BUILDINGLONG ISLAND CITY
$255MExit sale:
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Learn about creative office projects under development nationwide in this report.