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News@lemmy.world • 6 months ago

Third-tallest tower in Los Angeles sells for 45% less than last purchase price as remote work, interest rates drive down office values

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Third-tallest tower in Los Angeles sells for 45% less than last purchase price as remote work, interest rates drive down office values

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News@lemmy.world • 6 months ago

Remote work hits LA office space, Aon Center sale shows | Fortune

With almost 30% of downtown LA office space available for lease or sublease, the value of the 62-story Aon Center plummeted.

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Nora
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30•6 months ago
Holy fuck! Wins are rare, but they are nice to see.

Here’s hoping this is the start of a trend. Next step retrofitting.

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