irreticent@lemmy.world to Los Angeles@lemmy.world · 9 months agoThird-tallest tower in Los Angeles sells for 45% less than last purchase price as remote work, interest rates drive down office valuesfortune.comexternal-linkmessage-square15fedilinkarrow-up1213arrow-down13file-text
arrow-up1210arrow-down1external-linkThird-tallest tower in Los Angeles sells for 45% less than last purchase price as remote work, interest rates drive down office valuesfortune.comirreticent@lemmy.world to Los Angeles@lemmy.world · 9 months agomessage-square15fedilinkfile-text
With almost 30% of downtown LA office space available for lease or sublease, the value of the 62-story Aon Center plummeted.
minus-squareMouselemming@sh.itjust.workslinkfedilinkarrow-up3·9 months agoIf the city owns them an they’re set up for housing, that should lead to them being used to house the unhoused. Probably won’t, but should.
If the city owns them an they’re set up for housing, that should lead to them being used to house the unhoused. Probably won’t, but should.