Good news/bad news: LA’s office market finds bottom

Tax Partner Warren “Skip” Kessler shared his insights with The Real Deal regarding the current office building market in Los Angeles, CA.

Excerpts:

At the moment, investors should be underwriting for 50 to 60 percent occupancy, not 90 to 95 percent occupancy, as they could have before the pandemic, according to Skip Kessler, an attorney at Greenberg Glusker.

“It’s unrealistic to think they can fill it,” Kessler said.

Resources

• The Real Deal (Subscription Required)