Office developers are now acknowledging that the older warehouse conversion make better creative offices than brand new office buildings. However, office developers are adapting.
At the new Collective in Playa Vista, Tishman Speyer is building a new creative office property with the ceiling heights to resemble a converted warehouse.
Land cost may make this strategy more difficult as developers attempt to maximize densities. Tishman picked up this land at a very favorable price during the recession.