Postby JohnMcKee » 10 Oct 2017 10:05
While the materials used were certainly high-end The Crescent was considered rather kitschy almost to the point of tacky or vulgar at the time of it's construction and for a while after. While it has a certain architectural grandness that is appreciated today that wasn't always the case and might not continue to be.
I'm not surprised that so many financial firms have settled there, I mean yes of course it is the quality of the property but also the fact that it evokes feelings of solid conservatism and stability that many financial firms want to project. But that might not remain the case, it probably won't, at some point it's not solid conservatism and stability evoked, it's just old. Like the other major market projecting conservatism and stability for high end office space, law firms, we will probably see financial firms starting to move to sleek glassy towers as they try and attract new talent and the glassy towers start to feel more normal.
