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Originally Posted by Pink Floyd
Lol I guess to make it less painful, I'll respond for her.
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nice try, mr smartypants.
but quite seriously, I'm sure far more ppl have a sense that something is not up to speed about the hood cuz of things like that & not, for example, whether architecture firms like TCA are doing projs in LA that will win any prizes or earn national acclaim. iow, there's bad & then there's
BAD!
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Originally Posted by ThreeHundred
Maybe what the US Bank Tower needs is a renovation. Maybe go far as to upgrade the Bunker Hill Steps or the sidewalk in front of the building. Who knows?
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I wish you were correct. But unfortunately you're really whistling in the dark when you guess that's the reason for the problem.
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A $1 billion office-and-hotel tower being developed by Korean Air Lines Co. in downtown Los Angeles will be the tallest building in the western U.S. upon its completion in four years, according to the project’s architect.
“Downtown, along with a lot of the other commercial office centers, has relatively high vacancy rates as a result of the job losses stemming from the financial-market crisis,” Robert Kleinhenz, chief economist at the Los Angeles County Economic Development Corp., said in a telephone interview. “But by the time this building opens it will probably be able to benefit from a recovery.”
Even with the area’s resurgence, office vacancies in downtown Los Angeles rose to 17.8 percent in the third quarter, the latest period for which figures are available, from 15.6 percent a year earlier, according to Jones Lang LaSalle Inc.
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i know ssp is a site that attracts lots of big fans of highrises, & that will affect how forumers post about any city, including LA. Regrettably, it's easier being a fan of skyscrapers elsewhere....
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The office-vacancy rate in New York’s midtown south climbed for a fourth straight quarter as rents rose faster than some of the area’s technology and media tenants could pay, Cushman & Wakefield reported.
The rate reached 7.1 percent at the end of 2012, up from a low point of 5.9 percent in the first quarter, the New York- based real estate services firm said today in a statement. The increase indicates the market is softening in an area that has the lowest vacancy rate in the U.S.
“It’s still the tightest market in the country, but I think that the bloom is off the rose,” Kenneth McCarthy, chief economist for Cushman, said in a telephone interview. “It’s still the preferred location, but cost really does have an impact on space decisions.”
Manhattan’s fourth-quarter vacancy rate was 9.4 percent, down from 9.6 percent in the third quarter and up from 9.1 percent a year earlier. Average asking rents rose to $59.54 a square foot, up from $58.83 in the previous three months and $57.23 a year earlier.
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this is about the other major city in the US that's long been associated with skyscrapers. It's not doing as well as NY, but it's still better off than we are in LA, or dtla....
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The downtown office market is showing signs of stalling. The overall vacancy rate ticked up to 14.9 percent in the fourth quarter, from 14.8 percent in the previous two quarters, according to statistics from Los Angeles-based CBRE Inc.
The rise — after a flat third quarter — is a cause for concern. It marks the first quarterly increase in vacancy since the midway point of 2010, when the market hit its post-crash peak of 17.3 percent. Overall vacancy, which includes space directly available from landlords or to sublease from tenants, is down from 15.4 percent at the end of 2011.
The suburbs-to-downtown migration should continue in 2013, as companies court younger workers who live in the city, Mr. Wessman said. Downtown technology companies also will look to expand in 2013, he added. But that growth will be offset by larger firms in traditional industries, which continue to offload space, he said. “They're looking at the bottom line more, and technology is reducing the footprint companies use,” Mr. Wessman said.
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^ so when ppl in this thread go
or
cuz a new proj isn't taller....when a proj like wilshire grand is delayed over & over again, & won't be truly....TRULY....the tallest bldg in LA.....they have to know the major reason behind that. I think understanding that is far more important than whether a new proj in dt is going to have a design that deserves a Pritzker or not, or is to everyone's taste & liking.
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when ppl complain about a bldg being too short, or not having a store on the first floor, or not having a price winning design... when 
spots like this have been in the hood yr after yr after yr after yr. I know things are changing, but it shouldn't have been like this to begin with. 
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