X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Los Angeles traffic is a very real factor in corporate decision-making. A new report measuring roadway congestion from Newmark Knight Frank ranks Los Angeles fifth in the nation for traffic, behind Boston, Washington DC, Chicago and New York. In the tight labor market, traffic is becoming a major concern for companies, with 41% employees choosing to leave a position because of commute times.

“Traffic congestion and employee drive times continue to be a very real factor in corporate decision making with respect to physical office locations throughout L A,” Alex Bergeson, managing director at NKF, tells GlobeSt.com. “Many of the companies who have recently made decisions to grow and expand in Culver City are going to be vacating locations in the beach cities—mainly Santa Monica—because the connectivity to the entertainment world, based in Hollywood, is being hindered by traffic patterns. With a more central location in a submarket like Culver City, employers can pull from the labor force in the beach cities, while still being in proximity to Hollywood and the entertainment markets.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

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.

More from this author

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.