WORKS
HED, KPMG Center
DTLA & THE FUTURE OF WORK
T
he renaissance of Downtown Los Angeles over the last two decades has restored and revitalized the foundational assets and fundamental qualities that make it both timeless and trendy. It is a place with enduring appeal that is also highly adaptable – critical attributes in this unique moment of change. The inherent value of its authentic culture, iconic buildings, vibrant social life, and abundant amenities cannot be overstated. Combined with its central location, wealth of infrastructure, transit accessibility, and public spaces, DTLA is a place where workers and companies thrive. And a future less constrained by where you have to be for work, may be more defined by where you want to be.
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A survey by JLL in December of 2021 found that the #1 priority for the workforce (ahead of salary) is work-life balance, 73% of workers want to work from places that offer a destination for human connection, and 63% prefer a hybrid model vs. working from the office or home exclusively. (1) WORK-LIFE BALANCE & INTEGRATION The convenience of DTLA’s central location supports both work-life balance and hybrid modes of work, with 50% of DTLA workers commuting less than 7 miles, and 62% of DTLA residents traveling less than 5 miles to work, while 41% walk, bike, or take transit. The area’s social and cultural diversity,
Downtown Center Business Improvement District
exciting dining, nightlife, and entertainment, and robust health and wellness offerings, create unparalleled opportunities for the integration of lifestyle and work. The consensus “among investors, occupiers and placemakers is that location strategy is not likely to change significantly in the wake of the pandemic. Walkable submarkets – in urban and suburban settings – are going to continue to be coveted by employees. In a world where people are in the office less frequently and are looking to the office – and the surrounding neighborhood – to provide what they cannot get when working remotely, the argument could be
