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News@lemmy.world · 1 year 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 · 1 year 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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Business is risk. Anyone who says otherwise is selling you something.
- Flying Squid@lemmy.world
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  Unfortunately, these days, that usually means, “we’re willing to risk as many of our employees as we can.”

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