Originally Posted by edluva
so no matter what happens, LA will never see a skyscraper boom even a fraction of the level seen in tokyo, or even chicago. we have too much office space, and 87 percent of it is scattered across literally thousands of square miles in such a way that we won't ever have a dominant urban employment center. this city has gone awry for so long that nothing, not even a mass transit renaissance, can turn things around. la has been a victim of its own success - of sprawling its way into a generic hell. it is the epitome of the generic city. unimportant locations for unimportant office parks for unimportant people, and a present day struggle to find meaning amongst ubiquity.
Obviosuly, L.A. will never boom like Tokyo, as Tokyo is the biggest city in the world, and really, almost no city can compare. Chicago, on the other hand. One of the biggest reasons Chicago boomed over the past few years is that, due to incentives, companies have began to relocate to the core. Yes, L.A. has a lot of office space outside of its nodes, but now, we are starting to see a shift. Companies are relocating from suburbs to the core. This is happening to L.A. as well. Just a few weeks ago I read about a company that is moving from Universal City to DTLA. As this trend continues, more office space will be built in the nodes, and the scales will shift. Moreover, much of the Chicago boom was residential. I have no doubt that, in 20 years, DTLA will have an amazing skyline. Not with office skyscrapers, but with residential towers. As of now, the residential occupancy rate in DT is like, 95%, and rents are rising every quarter. Regardless of current office demand, there is clear residential demand, and as more people relocate to the core, more people will want to work closer to where they live, and more companies will begin to relocate to the core as well, to follow the people they serve. I do agree, though, that, in many respects, L.A. was a victim of its own success. When it matured, in the 60s, and 70s, L.A simply followed the current urban trends. In a way, it is a perfect example of a mid-century city, and I'm sure, at the time, L.A. was considered one of the most perfect cities anywhere. Now, of course, trends have changed, and we as a society value urbanity more then suburbanity. L.A. simply needs to catch up. Luckily, I think it will.