RISMedia
  • News
  • Premier
  • Reports
  • Events
  • Power Broker
  • Newsmakers
  • More
    • Publications
    • Education
No Result
View All Result
  • Agents
  • Brokers
  • Teams
  • Marketing
  • Coaching
  • Technology
  • More
    • Headliners New
    • Luxury
    • Best Practices
    • Consumer
    • National
    • Our Editors
Join Premier
Sign In
RISMedia
  • News
  • Premier
  • Reports
  • Events
  • Power Broker
  • Newsmakers
  • More
    • Publications
    • Education
No Result
View All Result
RISMedia
No Result
View All Result

Big Changes Coming to Conventional Office Buildings

Home Best Practices
By Roger Vincent
September 19, 2013
Reading Time: 4 mins read

Cutting out chunks of an office building’s interior to create an atrium or theater, adding loft-like mezzanines on floors with high ceilings, or grafting on outdoor staircases are among the ways that structures could be dramatically remodeled to be more efficient and appeal to changing tastes.

Such changes could also make it possible for office buildings to accommodate multiple uses. In a real estate industry idea competition last year, architecture firm Gensler suggested that the 40-story Union Bank Plaza in Los Angeles could be renovated to have auditoriums and classrooms for a school on its lower floors and a large fitness center above. Higher floors could house hotel rooms, apartments and a spa — and still leave room for offices.

Union Bank Plaza is nearly fully occupied with office tenants, but other buildings, including US Bank Tower, the tallest tower in the West, suffer from persistent vacancy.

Big changes in conventional offices are eventually going to be needed because formal workplaces where men and women arrive “dressed for success” in tailored suits after long drives from suburbia are dying out, says Peter Miscovich, managing director of strategy and innovation for a real estate brokerage.

“The 1980s work-style model and lifestyle model is over,” he says. “I don’t think people enjoy commuting two hours each way every day. Young people in particular do not want to sacrifice their lifestyle for their work style.”

Many of them are moving to urban centers to be closer to their jobs and leisure activities. The population of downtown Los Angeles, for example, has swelled since 2000, yet office vacancy has hovered stubbornly around 20 percent in the same period.

Page 2 of 5
Prev123...5Next
ShareTweetShare

Related Posts

HomeSmart
Best Practices

Maximizing Production Without Sacrificing Support

September 12, 2025
4 Reasons Top Agents Are Turning to Flipper Leads for Consistent Closings
Agents

4 Reasons Top Agents Are Turning to Flipper Leads for Consistent Closings

September 12, 2025
foreclosure
Industry News

Report: U.S. Foreclosures Remain High for Sixth Month in a Row

September 12, 2025
Mortgage
Economy

Mortgage Mix: Trump Signs Homebuyers Privacy Protection Act Into Law

September 12, 2025
home insurance
Industry News

Worries About Home Insurance Costs Are Rising, Realtor.com Finds

September 12, 2025
VA
Agents

Leveling the Playing Field: How VA Loan Reform Restores Fairness for Veterans

September 12, 2025
Please login to join discussion
Tip of the Day

Answering the Top FAQs From New Agents

For new agents trying to broach the field, no matter how much education they may have garnered before jumping into the business, it can be a challenge to get a handle on the job until you have some years of experience under your belt. Read more.

Business Tip of the Day provided by

Recent Posts

  • Maximizing Production Without Sacrificing Support
  • 4 Reasons Top Agents Are Turning to Flipper Leads for Consistent Closings
  • Report: U.S. Foreclosures Remain High for Sixth Month in a Row

Categories

  • Spotlights
  • Best Practices
  • Advice
  • Marketing
  • Technology
  • Social Media

The Most Important Real Estate News & Events

Click below to receive the latest real estate news and events directly to your inbox.

Sign Up
By signing up, you agree to our TOS and Privacy Policy.

About Blog Our Products Our Team Contact Advertise/Sponsor Media Kit Email Whitelist Terms & Policies ACE Marketing Technologies LLC

© 2025 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

No Result
View All Result
  • Home
  • Premier
  • Reports
  • News
    • Agents
    • Brokers
    • Teams
    • Consumer
    • Marketing
    • Coaching
    • Technology
    • Headliners New
    • Luxury
    • Best Practices
    • National
    • Our Editors
  • Publications
    • Real Estate Magazine
    • Past Issues
    • Custom Covers
  • Events
    • Upcoming Events
    • Podcasts
    • Event Coverage
  • Education
    • Get Licensed
    • REALTOR® Courses
    • Continuing Education
    • Luxury Designation
    • Real Estate Tools
  • Newsmakers
    • 2025 Newsmakers
    • 2024 Newsmakers
    • 2023 Newsmakers
    • 2022 Newsmakers
    • 2021 Newsmakers
    • 2020 Newsmakers
    • 2019 Newsmakers
  • Power Broker
    • 2025 Power Broker
    • 2024 Power Broker
    • 2023 Power Broker
    • 2022 Power Broker
    • 2021 Power Broker
    • 2020 Power Broker
    • 2019 Power Broker
  • Join Premier
  • Sign In

© 2025 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

X