Office buildings continue to lose tenants as the remote work trend persists.
Southern California’s office vacancy rate reached 20 percent at the end of 2023, according to an article by Jonathan Lansner in the
Orange County Register. “Those vacancies would fill 58 US Bank Towers, the 72-story Downtown LA landmark with 1.4 million square feet of office space,” Lansner notes.
Los Angeles led the way with 51 million square feet of vacant office space, or 24 percent of the city’s stock. In Orange County, 18 million vacant square feet amount to 19.6 percent of the region’s offices.
See the source article for a more in-depth breakdown of vacancy rates in different areas and neighborhoods.
FULL STORY: 20% of Southern California offices are empty. Where are the most vacancies?
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
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Eagle County Government
Harvard University Graduate School of Design
Nashville Planning Department
The Architects Foundation
University of Cincinnati Online
The Pocatello Development Authority
The Urban Renewal Agency of the City of Pocatello
Journal of the American Planning Association