Some very large renters are taking advantage of the depressed office market and buying their own building. The LADWP is considering buying 865 S. Figueroa St. in downtown Los Angeles. As the office market bottoms out after a long fall, renters are swooping in to buy their own buildings. Occupant businesses are seizing the opportunity to become owners, especially in downtown Los Angeles, where glittering high-rises have plummeted in value since occupancy dropped during the pandemic. The depressed office market in downtown Los Angeles has some renters looking to buy their own buildings.

Source: Los Angeles Times April 03, 2026 14:33 UTC