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Andrew Lustgarten Andrew Lustgarten is a senior managing director at Savills Studley.

Office leasing in Downtown Los Angeles is slowing down. The dearth of tech tenants or interest from tech tenants in the market has been a major reason for the anemic leasing activity, especially as traditional office users have rightsized their office square footage. The slowed leasing activity will almost certainly put downward pressure on rents, but for now, effective rents have continued to increase to $30 per square foot, according to research from Savills Studley. We sat down with Andy Lustgarten, senior managing director in Savills Studley Downtown Los Angeles office, and Jeff Cowan, senior managing director in Savills Studley’s West Los Angeles office, to talk about office leasing in Downtown Los Angeles and how it will impact rents.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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