Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LOS ANGELES-When the economy fell apart in 2007, class B office space was hit the hardest in Downtown Los Angeles. These office buildings didn’t have the benefit of a tenant base that includes large national and multi-national firms. They typically house the “mom-and-pop” tenants that are smaller, local companies who weren’t well-equipped to handle the extreme volatility of an economic downturn. Not far behind class B tenants were the class A tenants. Those that were able to re-work their leases did and downsized. Those that couldn’t rework them, left.

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


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 © 2021 ALM Media Properties, LLC. All Rights Reserved.