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Originally Posted by Taft
Great shots. Though I've visited and seen it first hand, I often forget how "east coast" looking downtown LA is. It should be interesting to see what downtown LA can accomplish in the current boom climate.
Not to turn this into something...nasty...but LA is behind a lot of other cities in terms of the amount of office space downtown, though that is probably turning a bit in the current boom.
The following breaks it down pretty well (it's a PDF): http://www.mi.vt.edu/uploads/Edgeless%20Cities.pdf
LA's total market of office space is indeed second only to NY (Although the NY metropolitan market has roughly *twice* the office space of LA! Crazy.) Anyway, downtown LA only has 51 million or so sq. feet. Compare that to Chicago's 135, Boston's 78, or San Fran's 69.
This is why it is so exciting to see such a great focus on LA's downtown. It is poised to become a commercial hub in the vein of these other cities. Exciting times!
Taft
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Interesting info there. Thanks. As you probably already know, LA's office centers aren't located in one single area. They're in different areas like Warner Center, Century City, Westwood, on Wilshire, Downtown, etc. Kind of like Tokyo, actually.
Downtown doesn't have as much office space (and isn't as much of a "choice" for corporations) as it should have, but it does have a lot (most) of the industrial, distribution, wholesaleing, garment manufacturing, and warehousing facilities in the city. See a satellite image on Google Maps to see what I'm referring to.