How Will the L.A. Office Market Survive the Next Downturn?

Tim Lee

The Los Angeles office market is well positioned to survive the next downturn. Many industry leaders are warning against a recession in 2020, but L.A. office investors remain bullish on the office sector and confident that the market won’t shake during a downturn, if one should hit.

“Arguably, Los Angeles has one of the most dynamic economies in the country.   The diversity of industries including technology, entertainment, aerospace, professional services and finance, which has been drawn here by the quality of life, has contributed to an increase in well-paying jobs,” Tim Lee, a principal of Los Angeles-based Olive Hill Group, tells GlobeSt.com. “In regard to the size of the region’s technology and entertainment sectors in particular, Los Angeles has also been a magnet to startups, many of which have grown or will grow to become major employers with significant space requirements.”