The pandemic-era emptying out of city cores hit few places as hard as Downtown Los Angeles. But what if during the next phase of downtown development, as hybrid work makes traditional office strategies a thing of the past, such residential growth — not commercial — is what matters?
In a survey of 1,000 adult workers, 37 percent said “they felt worse in the office than even at their lowest point in the pandemic.” It’s hard to imagine that these sentiments won’t continue to influence office leases, sales, and trends.
As ever, we’re on hand to assist with any of your commercial real estate appraisal needs. On behalf of our team of local market experts, thank you for the opportunity to serve you! You can reach us by phone at (626) 486-9327, or email firstname.lastname@example.org for assistance.
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