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Carol Schatz Carol Schatz is the president and CEO of the DCBID.

The office market in Downtown Los Angeles is playing the slow game—but experts maintain that the market is thriving. According to the first quarter report from the DCBID, the vacancy rate in Downtown Los Angeles grew 4.8% during the quarter to 17.3%, but leasing activity grew 58% year-over-year and rents are up 6.2% year-over-year. While this dichotomy has become a staple of the DTLA office market, the tenant mix is undeniably changing. The market is now home to law offices and legal services firms, tech and media companies, engineering firms and fashion companies. The tenant diversity is key to the market’s future growth, according to Carol Schatz, president and CEO of the DCBID. We sat down with Schatz to talk about the office market, the changing tenant base and the future.

Kelsi Maree Borland

Kelsi Borland is a freelance writer and editor living whose work has appeared in such publications as Travel + Leisure, Angeleno and Riviera Orange County.

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