Rents are higher in Los Angeles than in any other major U.S. city, according to several recent studies. There is wide agreement that the city is facing a huge affordability crisis. But far less consensus on the solutions.
The world of work as it exists demands flexibility from a real estate industry built around rigidity. Hence the rise and expansion of third place workspaces in various sizes, permutations, and aesthetics.
Today, it is a fact that America must innovate to compete in the new economy and society. But we cannot have innovation without creativity. And we cannot have an innovation region by just wishing it were so.