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Revitalizing Old Office Parks - Webinar

  • ID: 4515232
  • Webinar
  • April 2018
  • Region: Global
  • 90 Minutes
  • Lorman Business Center, Inc.
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Gain the tools needed for evaluating existing office parks assets and liabilities and identify potential changes.

The office environment has changed radically in the last 30 years. The suburban office park of the past is being replaced by new development in downtown or inner ring suburbs or in new towns such as Reston Town Center. All of these areas share a number of attributes in common access to transit, walkable streetscapes, a mix of uses and an amenity rich environment. Across the United States the suburban office park is struggling mightily to maintain relevance. This topic will provide tools for evaluating an existing office parks assets and liabilities and identifying opportunities for making fiscally responsible changes. This material will also provide examples of how older office parks can be repositioned to continue to compete successfully in the marketplace. This information is essential for those faced with an outdated and underperforming asset.

Learning Objectives
  • You will be able to define what the options are for repositioning an older office park.
  • You will be able to identify older office parks that have solid investment potential.
  • You will be able to discuss the future of office parks.
  • You will be able to explain to local officials why it is in their best interest to support the reinvigoration of office parks through regulatory changes and infrastructure investment.
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  • The Creation of Office Parks
  • Largely Came About After World War II
  • In Many Ways a Zoning Ordinance Creation (Concept of Highest and Best Use)
  • Thought to Engender More Productivity
  • Amenities Like Dining and Recreation Internally Focused
  • Very Successful for Many Years
  • Current Challenges of Older Office Parks
  • Mixed Use Environments
  • Underlying Zoning
  • Auto Oriented Locations
  • Age and Configuration of Buildings
  • How to Turn Lemons Into Lemonade
  • Thorough and Honest Evaluation
  • Identify Opportunities
  • Selective or Total Redevelopment
  • Identify Regulatory and Policy Impediments
  • Work With the Local Jurisdiction
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Robert Atkinson - David Carter Scott Ltd
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This webinar is designed for presidents, vice presidents, developers, real estate professionals, property managers, business owners and managers, city administrators, planners, architects, engineers, government officials and attorneys.
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