From Vacant to Vibrant: Activating Office Space at The Ground Plane
Colin Greene of Cooper Carry shares three ways that the design industry can work toward ensuring that an urban environment not only survives, but thrives.
In November 2022, JLL research reported that office vacancy rates across the country reached 19.1 percent, including a record 185 million square feet, or 3.85 percent of total office space in the country, that is available for sublet. While many remain optimistic that demand for office space will return, short-term vacancy, especially at the ground plane, presents a challenge for owners and city leaders who want to avoid dead zones at the street level.
Vacancy in any asset class is a big problem for property owners – but it’s also a big problem for cities and towns. Across the country, local governments are seeking ways to activate space that is suffering from a decline in daytime population. Whether spaces are vacant, workplaces are moving to hybrid schedules or more people are working remotely, nothing shows a decline in the vibrancy of downtowns more than a vacant ground level. And when the street level is empty – property owners, local governments, and nearby communities suffer. Depending on the condition of the building and its context, there are ways that the design industry can help to restore and revitalize these valuable assets.
Here are three ways that the design industry can work toward ensuring that an urban environment not only survives, but thrives.
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